EUR/USD Weekly Outlook

While recent rally in EUR/USD continued last week, upside momentum continued diminish on mild bearish divergence conditions in 4 hours MACD and RSI. Nevertheless, there is no sign of topping yet as long as 1.4884 minor support holds and further rally to 100% projection of 1.4177 to 1.4842 from 1.4483 at 1.5148 cannot be ruled out. But upside would likely be limited there and bring pull back. Below 1.4884 minor support will indicate that a short term top should at least be formed and bring fall to 1.4483 support in this....MORE