Kumowizard

EURUSD - getting closer to a reversal?

FX:EURUSD   Euro Fx/U.S. Dollar
362 0 2
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.
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