Something strange: loss of bearish momentum at key resistance
Weekly (absolutely Neutral)
- Both Ichimoku and Heikin-Ashi are neutral, price is at equilibrium.
- Bullish reversal and continuation could be confirmed above 1,1170-1,1220 key zone
- Bears can't prove their power unless they push price below 1,10
Daily:
- Until yesterday Ichimoku had a bearish bias. Not so much today! Price seems to fail breaking below Kijun Sen and continue bearish. What's more, Tenkan is still above Kijun, while Chikou zig-zag at past candles. This leaves whole Ichimoku setup as neutral.
- No big drama, but it seems like bears losing power at 1,1070 key supp/res (Kijun). Heikin-Ashi candle shows indecision, haDelta crosses above its SMA(3)
- EWO is at zero
Key levels to watch:
1. Bearish below 1,1030
2. Would be quite strong bullish with a break above 1,1175-1,1200
Don't rush, as you see market is trading in a very tight range, with low volatility (also reflected in low ATR)
My gut feeling is that it may reverse bullish (due to general dollar selling), so I bought small clips at 1,1102 and 1,1107.
Major buy only above 1,1200, as it must breaks all those bearish supports before we build larger longs.
- Both Ichimoku and Heikin-Ashi are neutral, price is at equilibrium.
- Bullish reversal and continuation could be confirmed above 1,1170-1,1220 key zone
- Bears can't prove their power unless they push price below 1,10
Daily:
- Until yesterday Ichimoku had a bearish bias. Not so much today! Price seems to fail breaking below Kijun Sen and continue bearish. What's more, Tenkan is still above Kijun, while Chikou zig-zag at past candles. This leaves whole Ichimoku setup as neutral.
- No big drama, but it seems like bears losing power at 1,1070 key supp/res (Kijun). Heikin-Ashi candle shows indecision, haDelta crosses above its SMA(3)
- EWO is at zero
Key levels to watch:
1. Bearish below 1,1030
2. Would be quite strong bullish with a break above 1,1175-1,1200
Don't rush, as you see market is trading in a very tight range, with low volatility (also reflected in low ATR)
My gut feeling is that it may reverse bullish (due to general dollar selling), so I bought small clips at 1,1102 and 1,1107.
Major buy only above 1,1200, as it must breaks all those bearish supports before we build larger longs.
