OANDA:EURUSD   Euro / U.S. Dollar
Divergence in price and the CMI on the monthly chart, very bearish signal.

On the daily, from the most recent swing high to swing low, price was rejected at the following Fibonacci zones: .618, .5, and .382.

Friday’s close also coincides with a pivot in time. The 17th is the beginning of a New Moon phase, which signals bearish sentiment over the next 2 weeks. This is especially true if the instrument is near market highs, which it is.

Because we have been rejected at the 1.2577 zone, which is THE most important price level on the EURUSD chart, we should expect a retracement down to the 1.1689 zone. Of course, this would happen over short period of time.
Comment: 4 lots added @ this morning @ 104.88
Comment: woops, disregard above, that was for UJ
4 lots added short @ 1.2415
Trade active: Fallen below artifical support zone, lower prices expected, much lower.
Comment: Still short, target area still 1.1689
Trade closed manually: Closed all shorts, converting long.
Short? Which indication is it for going short now?
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@scalan, inherent weakness and overbought conditions, resistance against multiple time cycles and squared price ranges
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