Euro 1.4500 Proving Itself as Resistance

Commentary: 1.4500 is an important psychological level and it is possible that 5 waves higher from 1.4135 and 1.3360 are complete. At the very least, a return to short term support at 1.4404 is expected.

RSI on the weekly and daily charts is overbought and divergent, indicating potential for a top and reversal.

Strategy: Flat