PROS + a couple of high wave candles approaching a not clearly defined res level + 2 bear candle patterns in the last recent sessions (first signs of a possible trend reversal?) + at descending res TL + unable to close decisively above .38 fib level
CONS - ema is still pushing up price - res level is weak, stronger level is in 1.035 area - recent lower shadows are showing the mkt has rejected lower price for the last 2 days - price is sitting above former descending res TL, now acting as a possible supp - on a weekly chart the mkt is not in a well defined uptrend and so the last pattern cannot be used for defining a new res level