Weekly:
1. Ichimoku warning!!! -> neutral setup is turning towards more BULLISH!:
- Look at forward Kumo! Bullish Senkou Span cross 26 weeks ahead!
- Price may close above horizontal Key level this week. Candle top already spiked above Kumo
- Chikou Span is above past candles. This means spot price is higher than any time during previous 26 weeks! Although we have to mention that Chikou is enterring a thick Kumo cloud. There you see the possible resistances ahead of market should it continue bullish upto 1,20.
2 Heikin-Ashi is bullish, momentum is good so far.
3. EWO is bullish
Your long term strategic action must be BULLISH on EURUSD, alias bearish on USD in general!
When and where to buy, enter more longs is a question which we can try to answer with daily time frame analysis.
Daily:
- Ichimoku setup has been bullish for a while. Sometimes we have a noise with temporary Price/Kijun cross downs, but the trend is clear. Major averages point up!
- Heikin-Ashi signalled this possible profit taking - days ago. No surprise here. But now we have to watch haDelta action, as Price reached first key support at 1,1390 - 1,1415
- Obviously NFP can be decisive. So watch for a clear signal. We have some more supports lower: 1,1335 and 1,1270
Again, the question is not what to do! The question is when!
Strategy is Buy only for now.
1. Ichimoku warning!!! -> neutral setup is turning towards more BULLISH!:
- Look at forward Kumo! Bullish Senkou Span cross 26 weeks ahead!
- Price may close above horizontal Key level this week. Candle top already spiked above Kumo
- Chikou Span is above past candles. This means spot price is higher than any time during previous 26 weeks! Although we have to mention that Chikou is enterring a thick Kumo cloud. There you see the possible resistances ahead of market should it continue bullish upto 1,20.
2 Heikin-Ashi is bullish, momentum is good so far.
3. EWO is bullish
Your long term strategic action must be BULLISH on EURUSD, alias bearish on USD in general!
When and where to buy, enter more longs is a question which we can try to answer with daily time frame analysis.
Daily:
- Ichimoku setup has been bullish for a while. Sometimes we have a noise with temporary Price/Kijun cross downs, but the trend is clear. Major averages point up!
- Heikin-Ashi signalled this possible profit taking - days ago. No surprise here. But now we have to watch haDelta action, as Price reached first key support at 1,1390 - 1,1415
- Obviously NFP can be decisive. So watch for a clear signal. We have some more supports lower: 1,1335 and 1,1270
Again, the question is not what to do! The question is when!
Strategy is Buy only for now.
