FX:EURUSD   Euro Fx/U.S. Dollar
96 0 3
Resistance on Weekly Timeframe stands at 1,1060-1140. Very strong resistance, made up of the lower Cloud
at 1,1060/Monthly R1 & Kijun Sen at 1,1110/Yearly PP at 1,1140. Support is the 1,08 level with the Monthly PP at 1,0810 which was tested during the week
and gave support. Clarification Closes: Bullish side a Weekly close above Yearly S1 1,1140 or at least Monthly R1 at 1,1110.
Bearish side a close below Monthly PP at 1,0810.Note that a Monthly close above Weekly PP will give more
fuel to the upside.

S&P 500             made a Weekly Piercing line at the Yearly S1. Risk for a bounce.

If we see strong sell off in stocks, we may see more sideways action or probing higher.
If we see a strong bounce and Risk-on, the EurUsd             may drop and may do so strongly, since we see signs of Dynamic Bearish
Pressure, i.e Monthly/Weekly/Daily bullish MACD crosses but it is not reflected in price action which is still contracting.

The Flag Pattern is still valid but is moving slowly.
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