I'll be monitoring price action in hourly charts, watching Vix , the Yen, S&P500 , as well as gold , bonds and oil to determine what the Euro's direction will be after the Brexit mayhem smoke clears. The fact that the uptrend mode held is , but we'd need to see evidence of a setup forming to go long here.
We can't blindly trade it yet. There is conflict between weekly and daily signals, so for now, we can't trade in this pair, but once it's safe, we'll have a potentially terrific long opportunity if support holds.
Stay tuned for updates on this chart.
After a 1h uptrend signal that happened during Asia, we have hit a top, and now might procede to test the low volume support/resistance level below. If we hold above this level, we could see price head up to test the key level, if not we'll go back down to today's lows. I'm still not comfortable with taking trades here, but watching it closely.
I'd expect 1.1170 to be hit before we see a reaction.