Weekly:
- Ichimoku is bearish, but market failed to break below previous low resistance at 1,05+
- Last week Heikin-Ashi gave a warning about drop in bearish momentum: inside body candle haDelta cross above its SMA3. This week we have a long wicked doji candle, which tells the story of choppy and undecided market, and haDelta+ confirms consolidation.
- In Case Draghi goes Hawkish-like today (e.g. QE extension but with tapering in size), market can continue retracement up to 1,09-1,10 bearish support area.
- EWO and MACD are bearish
Daily:
- Ichimoku is bearish with strong support at 1,09-1,0950
- Heikin-Ashi has been swing bullish since 28/November, but with lot of zig-zag in price action.
- Today's candle made a higher high, still no lower wick, theoretically this counter trend rally can still extend towards 1,09+
- Ichimoku is bearish, but market failed to break below previous low resistance at 1,05+
- Last week Heikin-Ashi gave a warning about drop in bearish momentum: inside body candle haDelta cross above its SMA3. This week we have a long wicked doji candle, which tells the story of choppy and undecided market, and haDelta+ confirms consolidation.
- In Case Draghi goes Hawkish-like today (e.g. QE extension but with tapering in size), market can continue retracement up to 1,09-1,10 bearish support area.
- EWO and MACD are bearish
Daily:
- Ichimoku is bearish with strong support at 1,09-1,0950
- Heikin-Ashi has been swing bullish since 28/November, but with lot of zig-zag in price action.
- Today's candle made a higher high, still no lower wick, theoretically this counter trend rally can still extend towards 1,09+