(Click on the Chart to Enlarge it)Looks like we have a Head-and-Shoulders formation signalized by the yellow circle, with the RSI and MACD showing a Bearish Divergence. All that helping the bears.
Honestly it´s not easy to say where prices might head next week: the 1.3780/1.3806 Support zone hold the bears last week thus favouring the bulls but, the Head-and-Shoulders Top formation,the RSI below its Moving Average and the RSI/MACD Bearish Divergences already mentioned all strongly favour the bears, thus bringing to us some controvertial signs.
I´m humble to say that I don´t know what would be the good move for next week. Patience will dictate a good entry point, which might be:
* LONG break 1.4012 (last Friday´s high) or at any Pivot Point as Support
* SHORT break 1.3885 (last Friday´s low) but watching for 1.3780/1.3806 Support zone. Add lots at break of this support zone.
