It is a "dead cat bounce" time for indexes. This is where bulls to attack back, and eat weak shorts' SL.
In my opinion, the market structure has changed and definitely not in the bullish notes.
It may take sometime to swing around but, we shall see lower low level of 7120 support level soon.
I am cautiously Bullish now.
Trade Safe,
S0nic
Disclaimer : This analysis not include personal feeling/opinion, and pure base on technical analysis Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.
please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level. or if there is any question about this analysis/need new update. Because im not monitoring this chart all time.