The last week in trading for the month of February is turning to the monthly chart to see that the euro against the dollar is still trading between the levels 1.1300 (monthly support) and 1.1460 near the monthly pivot. Last week, after hammer formation, the pair continued to rise for the Fibonacci 50 levels for the descending wave.

Weekly: A positive indicator for the MACD and stochastic, but the RSI is still below 50 and the pair is still below the trend 50 Fibonacci. We need a breakout to 1.1515 with positive in the RSI to rise to 1.1586 - 1.1620

In the short-term breakout 1.1360 to target 1.1407 and 1.1444 pastop down 1.1312