OZ more upside potential, EUR/NOK bullish turn

EUR/USD: The break above 1.3782 certainly got the bulls chargingahead breaking and closing above the 2008 top line as wellas outside the 55d Bollinger bands. The Dec peak at 1.3894however still standing as the last resistance of importanceahead of a 1.40+ move. The only thing warning of a possibledownturn is the bearish divergence that is visible also at thistop and both in dailies and weeklies. So ending the weekbelow 1.3826 should be taken as a serious warning sign.

Read the full report:  Technical Alert

 

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