Euro/dollar made a potential bearish reversal on Thursday after rallying to another lifetime high a day earlier. It is very overbought but hold sell further only if the US unemployment data gives the green light.
Immediate support is at 1.4375. This is followed by 1.4320. Below 1.4280, euro/dollar still has support at 1.4210.
Strong resistance is now seen at 1.4505. Above it, strong resistance is seen only at 1.4580. Distant resistance is at 1.4665.
Oscillators are rising.
NEAR-TERM: Mixed
MEDIUM-TERM: Bullish
LONG-TERM: Bullish
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