Weekly:
- Bearish bias, but real momentum is missing. Without a FED hike, or very hawkish comments, mkt may get stuck again, and won't be able to clear 1,0975
- haDelta could not really come lower in last 3 weeks: lack of bearish momentum
- Key supp/res is 1,1210
Daily:
- Ichimoku is bearish, with flat Kijun Sen
- Heikin-Ashi is neutral, shows indecision
- Volatilityhas dropped a lot (see ATR value)
- Upper key zone is 1,1160 - 1,1210
4H:
- Ichimoku setup is still bearish
- Heikin-Ashi shows indecision in tight range
- Market is waiting for the FED exactly at the bearish trendline and Kijun Sen. If we don't consider the Brexit low, then pattern looks more like a wedge, if we take Brexit low into account, then it is a triangle.
- We have 3 important supp/res levels short term: 1,1005 / 1,1030+ / 1,1060+
I think Bears would lose control above 1,1065
- Bearish bias, but real momentum is missing. Without a FED hike, or very hawkish comments, mkt may get stuck again, and won't be able to clear 1,0975
- haDelta could not really come lower in last 3 weeks: lack of bearish momentum
- Key supp/res is 1,1210
Daily:
- Ichimoku is bearish, with flat Kijun Sen
- Heikin-Ashi is neutral, shows indecision
- Volatilityhas dropped a lot (see ATR value)
- Upper key zone is 1,1160 - 1,1210
4H:
- Ichimoku setup is still bearish
- Heikin-Ashi shows indecision in tight range
- Market is waiting for the FED exactly at the bearish trendline and Kijun Sen. If we don't consider the Brexit low, then pattern looks more like a wedge, if we take Brexit low into account, then it is a triangle.
- We have 3 important supp/res levels short term: 1,1005 / 1,1030+ / 1,1060+
I think Bears would lose control above 1,1065
