EMA’s are pointing to the upside, with a very strong move up breaking the monthly resistance which is now support at 1.24000.
EMA’s Again pointing to the upside, with last week’s candle firmly closing above 1.24000. This week we have come back down to retest this level and have rejected.
Yesterday’s candle closed below the 1.24000 , which almost tested the that are pointing up. Today’s candle has tested the and rejected also forming a at the same time. Previous wicks on this time frame shows a lot of buying pressure.
After a small rally by the bears we ended this movement with a forming, which was retested again and rejected, this formed the twizzer bottom on the 1D time frame. CTL has been broken with crossing back over to the up side. Along with the Fib Zone being touched.