The Euro remains on an uptrend in the daily charts although it is on retracement mode for Week 47.
Based on the 4-hour charts, this week is a 76.4% fibonacci retracement of the rally last week. Some levels that might be tested this week is last week’s mid-week support at 1.4940~ and yesterday’s resistance at around 1.5000~.
Trendlines for Euro on daily chart
In the shadow of week 46
