Weekly: - Ichimoku remains bearish, Price turns lower from Kijun Sen (bearish support) - Heikin Ashi last week showed undecision, on back of Greece Heikin Ashi signal turns bearish: haDelta/SMA3 down, Oscilator down. Please note this weak can be extremely volatile in EURUSD, implied volatility already spiked to lvl not seen since 2011.
Daily: - Ichimoku setup turns neutral again, Price is back to the Kumo. 1,10 is very important support, it stopped first selling wave, looks like initial panic seen in Asian hours chilled a bit. The picture is not too positive, but it is very difficult to decide where the mkt will break out. Price is moving in a simmetric triangle, which can become a bear flag later, but we can not exclude shoer squeeze and reversal either. - Heikin Ashi signal has been bearish for 5 days, and bearish momentum accelerated further.
I still don't like trading this pair. For me it is still a range and too volatile.
Comments
The_Cannalyst
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The_Cannalyst
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thx for sharing
MarkLangley
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At the moment we at the mercy of politicians which will really make the situation alot more volatile wtach carefully and look for less risky set ups whatever they maybe but may have to wait until situation clear because the risk/reward not going to support positions at the moment. I use the Ichimoku system after finding it still learning so appreciate your anaylsis