Daily forex analysis for eurusd

The pair hit 1.5046 before retracing back downwards to make a low at 1.4944 (The minor support now).
With a regular bearish divergence in the presence of MACD indicator, we must be careful for the pair behavior.
This bearish regular divergene means that the pair is still losing momentum in its upwards movement, but does not mean the end of the bullish bias.
Break of 1.4826-1.4844 support zone which also means the deformation of the yellow Andrews Pitchfork will change this view and lead the pair towards 1.4673 then 1.4480 later.
As this support zone withstands, a rise is still expected towards fibonacci expansion of 1.4177 to 1.4842 from 1.4480 which is at 1.5147.
If failed to reach its upper targets tomorrow, a close above the 1.5 psychological level is needed at least to make the pair capable of attain its upper target levels in the coming week

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