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
i think next