dcyeeloon

dcyeeloon

SHORT AT RESISTANCE

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Price consolidated with small wedge at the top and MacD showing bearish signal

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Bullish bias while waiting next week Gbp pmi data for confirmation.

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Bias on bullish for pound in an upward channel . Fibo level 0.50 confluence with daily resistance at price (1.34725). TP at resistance level : 1.34725

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Yellen's silence on monetary policy push dollar to the lowest over weighted basket of currencies. AUD remains bullish for the remaining year.The price is supported at fibo level 38.2 (0.78335).Waiting for a good opportunity to go long.

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bearish bias on long term

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analysis

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eurusd range