The USAD Index remains oversold and a correction on most pairs is very likely as the predicted RSI from Vantage Point along with the predicted MACD both suggest the USAD will not remain weak in the short term.

After a retest of the 1.3795 area the euro has closed the week above 1.4000 with the pair still looking to set a top for the new range with 1.4500 now a likely target.

For a complete look at the week ahead please click on the enclosed link.