EURUSD small bullish trend remained intact so far, but there are some early signs of trend exhaustion at short term overbought levels. We might see top bulding here, and maybe a reversal signal as well within next few days. Certanly 1,3800 is not very likely to break through with current momentum loosing, unless we see for example above 0,9 % yoy CPI print from Eurozone, or some other miracle datas that could push EUR for futher appretiation.
Stay patient and focused, as 4 Hrs timeframe will give the clean signal right in time! For "top hunters" 1,3770 - 1,3810 area is where to sell in small clips, but for those who are more conservative and wait for real reversal, 1,3725 trendline has to be broken, supported by a minimum weak Ichimoku sell setup.
One more note: EURUSD has not really been doing anything in last 3 months, no real trend. I am not sure what could or will change this, but the more time it spends with wide range consolidation, the most likely it will sooner break out and start trending.
Stay patient and focused, as 4 Hrs timeframe will give the clean signal right in time! For "top hunters" 1,3770 - 1,3810 area is where to sell in small clips, but for those who are more conservative and wait for real reversal, 1,3725 trendline has to be broken, supported by a minimum weak Ichimoku sell setup.
One more note: EURUSD has not really been doing anything in last 3 months, no real trend. I am not sure what could or will change this, but the more time it spends with wide range consolidation, the most likely it will sooner break out and start trending.