Just as on daily chart, price has been unable to close above the Kijun Sen (white equilibrium line). Critical for todays weekly close is just that. If we see a close above 1,0997, we may expect some more upside in the week ahead. The weekly high was set at the Tenkan Sen (red line), after which price fell rather sharply. The low from 25th may was taken out with some ten pips on the 20th July. Small clues that may point to a bearish trend resumption. For more conviction, price needs to close below 1,08, but as long as it is unable to close above the Kijun Sen, the downside is favoured. The lagging span is still below price (purple line) but the bullish TK cross, reflects the prolonged consolidation, and adds to the mixed picture.