EURO/USD--------Where will be its next move ??

EURO/USD closed at 1.3048 , with 1.3108 being the highest in the  week.

On both Weekly and Daily Chart, we do note that the bullish trend are still intact, meaning the uptrend shall continue in upcoming weeks.


Weekly EURO/USD Chart

Daily Chart EURO/USD

Dollars Index Daily Chart

On the weekly chart, the immediate resistance (R3) IS 1.3184, (Just Above the 61.8% Fibo Retr) , and on Daily Chart, its immediate Resistance(R2) is 1.3134., Breaking these two resistances on two time frames shall push up this currency pair towards 1.3660 , near 100 SMA on weekly chart,  


However, if you look carefully the Daily Chart, the MACD is showing Bearish Divergence while  the PA is still moving up, and the risk of breaking the RSI trend line(in Purple color) and the confirming bearish divergence on Slow Stochastic (9,3,3) MAY indicate Exhausting  up-trend near term. 
SO PLEASE KEEP A CLOSE WATCH ON BOTH --THE SLOW STOCHASTIC FOR BEARISH DIVERGENCE , AND A POSSIBLE BREAKDOWN ON THE RSI  DOWNWARD TREND LINE AS INDICATED.......FOR POSSIBLE MAJOR REVERSAL SIGNALS

On the Dollar index chart, you can note that it is heading south toward immediate support 81.07, below this level may expose 79.60, the current Dollar Index trend is very bearish. My forecast for the dollar index will be 78.00 near term if the present downward momentum persists.

So the uptrend may continue further up but watch out for Reversal near term in region 1.3500-1.3700.