Weekly outlook EURUSD

The eurusd pair finished the week above 1.5(psychological level

The pair is losing the upwards momentum gradually although the pair kept on its bullish bias.

we must be careful from any possible trend reversal, as the pair is making new narrow highs while RSI and OSMA indicators are failing to do the same.

Such a case may indicate a presence of a possible bearish regular divergence.

The pair is still difficulty searching for the 100% fibo expansion at 1.5147.

Above this level, there looks 1.5284 resistance level.

As 1.4828-1.4844 zone withstands, the pair will continue in its bullish bias.

A break of this zone will lead the pair towards the lower leg of the Green ascending channel(major channel) and may slip towards the lower leg of the brown ascending one(minor channel).

Below all that there are 1.4480 support level