Daily:
- Ichimoku bullish. Supports: 97,10 and 96,60
- Heikin-Ashi signals a local top. Consolidation/pull back starts
4H:
- Ichimoku is turning neutral: Price below Kijun, breaking trendline. Chikou Span hits past candles.
- Thick Kumo and 100wma provides good support at 97+ (in line with daily Tenkan Sen)
- Heikin-Ashi is bearish, some sideaway and small spike can happen to 98 before next leg down. I think Bulls will use any spikes to reduce Dollar longs before ECB.
- EWO negative divergence, value slowly dips towards zero.
Strategy:
Reduce DXY longs, look for buy signals at support zone 96,60-97,10
- Ichimoku bullish. Supports: 97,10 and 96,60
- Heikin-Ashi signals a local top. Consolidation/pull back starts
4H:
- Ichimoku is turning neutral: Price below Kijun, breaking trendline. Chikou Span hits past candles.
- Thick Kumo and 100wma provides good support at 97+ (in line with daily Tenkan Sen)
- Heikin-Ashi is bearish, some sideaway and small spike can happen to 98 before next leg down. I think Bulls will use any spikes to reduce Dollar longs before ECB.
- EWO negative divergence, value slowly dips towards zero.
Strategy:
Reduce DXY longs, look for buy signals at support zone 96,60-97,10