EURO/dollar has been in a strong uptrend since January.
The price is near or at the wave 3 top area.
Last week’s high 1.45 shouldn’t be exceeded this week if we are going to see a pullback move.
US$ has been in an extremely oversold condition. If US$ bounces this week, it will give a confirmation of a EURO$ pullback down to the 142.50 target.
If EURO hangs on at the top due to the Easter Holiday, we may see a spiking move up to 1.4657 area before EURO$ pulls back under 1.4408 level to give a reversal signal.
Start to look for a short side entry and targets at 1.44, 142.50 and 140.50 as the max target.
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Euro Daily chart
