(CLICK ON THE CHART TO ENLARGE IT)Euro is setting a new all-time high every week. You have to be crazy to sell it. But this seems to be the strategy for the beginning of the next week. Reasons to be short on the Euro:
* 1.4530 is top of bullish channel
* MACD and RSI on dailies are showing a bearish divergence. Important: MACD hasn´t given a sell signal yet: fast line is still above its moving average and still following a bullish trendline (blue line).
1.4500 is the major support now because of the following:
* Round number;
* 123,60 fibo projection of up move 1.3367 to 1.4285 and; last Friday´s close (Nov 02nd)
So points are:
SELL break 1.4500 with stop at 1.4530 and target 1.4440.
