Weekly: - Ichimoku has increasing bullish bias. Price is about breaking above the Kumo cloud. Chikou Span is above past candles and points up. - Heikin-Ashi signal is bullish. Increasing momentum expected if haOscillator moves above its mid line. - Possible strategic bull flag. If that breaks, a measured move target would be 1,62+ -MACD still shows consolidation, but EWO is bullish and value increases.
Daily: - Ichimoku neutral, but price is just 50 pips away the most important 1,4950 resistance. - Heikin-Ashi shows indecision right below resistance level, however both haDelta+ and haOscillator seem reversing up above their mid lines, which in case they make a cross up, could be very bullish. - EWO is bullish - MACD is close to enter bullish zone above zero line.
Watch, and get ready to take long on the break.
Lower support is 1,4750, so stops in any case should be placed around 1,4700.