The evolution of brand EURUSD bullish but you can see that the slope is less so the speed decreases. The break of the bullish channel that was in force since last February and was confirmed in the medium term we can see a sideways trend.
The first resistance is at 1.4235 level while the second at 1.4281.
With regard to moving averages (5 and 12 periods), these are overlapping and you can not get a clear signal with this tool but the pair should be closely monitored because the RSI is at 61.8736 points, very close to the area warning sell signal that is in the level of 70 points.
Brackets to consider lie around 1.4058 and should be broken to 1.3915 is anticipated as the next goal just because there happens a Fibonacci retracement of 23.6%.
