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Despite dipping to as low as 1.3483, subsequent strong rebound on bullish convergence condition in 4 hours MACD argues that fall from 1.4246 might be a correction only. Such correction has possibly finished with three waves down to 1.3483 already Our vision for next week intraday bias is on down move and we expect price to go further down. Further decline would be seen to 1.3245 support after sustain trade below 1.3828.
On the opposite site, EUR/USD to confirms that reverse in price should be strong one price must trade above 1.3828 level, this would signals that buyers gather lots of power towards 1.4246 resistance level, if there is sustain gain above it this would switch bias. In that case, price should target towards 1.4910 key resistance level.
