If I don't get at least three Kudos for this call I may take this blog private!
The bears will need to remain below 1120 ESH0 today in order to keep this down trend going. We are below the Kumo and may fall to about 1113. But should the market find it's way above 1120 we will most likely remain range bound today with 1123.75 being the high and 1117 the low.
Price above M5 Tenkan-sen. Watch for a breakout from this fork. So far it looks good.
The charts are somewhat bearish but Price is resting on the Kumo. If we break the Kumo look for the next pivot to be hit.
There is nothing solid yet. Woody has not even given a warning bar. The Ichimoku is only in transition and has not gone bearish
PPS (not shown is bearish)
Euro established a wider downward fork and appears to have room to fall, but the condition is currently oversold.
Analysis presented on this Blog has only informational, and educational purpose, and does not represent a proposal for buying or selling currency contracts.