EURUSD Weekly

Weekly closure is to remain above 1.37 in order for bullish pattern to remain intact.

Current price has just hit 200 day MA line that I am expecting to hold for this week (a few hours left). I am biased toward price correction next week towards 1.41-.42 level technically that remains to be seen how US market is about to open at Monday. 

Hourly chart shows that pair is heavily oversold but absence of divergence may suggest that bottom may be bellow 1.37 (rather within 1.363 - .37).