The Euro Dollar.

Good afternoon Dynamic Traders,

I hope you all had an enjoyable extended weekend and are re-charged for more trading.

Todays chart of the EUR on the daily timeframe has not done much since I mentioned it about a week ago as expected, however, with news out this week direction could be given here.

This pair does look like it is running out of steam which is qualified by AdvancedGet XTL, and could well do at least a pullback in the near future, as it is coming up to a wide resistance area from where it stands at present right up to the 1.5000 figure area.

Also there is both longer and shorter term divergences occurring with the MACD indicator.

No trade is on offer as yet on this timeframe,but keep an eye on it for possible movement soon.

As always please ensure to do your own analysis before taking any trade.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.