EUR/USD october

On monthly chart, we are still in the uptrend, we are working above the cloud, Kijun Sen and Tenkan Sen are still oriented on the upside. The Chinkou span, is working above both rates and the cloud.

From graphic, and moving average, the situation is the same even if we are attracting to the EMA 50 (1.3498) we are above EMA50 and 200.

MACD is till showing uptrend, and we are on the bought situation reagrding the RSI. RSI 39 broke last august the overbought limit.

Weekly chart

We have a different situation, the tone is more bearish. Rates closed under the cloud, which is a bearish signal, the 2 sen are working to the downside, meanwhile the span is working under the rates, but span is still above the cloud even id we are on the top of the cloud area.
We broke the EMA 50 in early august when ECB president talked about the current economic situation of Europe.
RSI broke at the same time the neutral area, and began to work south, one week after MACD were crossing his neutral level, and then accelerated.
On weekly, all the analysis are in favor of the downside.

On daily we are still in the downtrend, the 2 sen are working to the same direction, Span too.
Euro seems to go to 1.3666 top of December 2004.
The last candle is a doji, we could see perhaps a bounce from these level or from 1.3666 area.
I am waiting for a weaker usd soon from fundamental and technical analysis.

Be long @ 1.4657
Be short @ 1.4386

Be long @ 1.3844
Be short @ 1.3573