testing the Kumo Cloud resistance at 1,10. Bears should look for a sell signal on intraday
chart or just wait for the daily close. A long wicked daily candlewill be good to use to go short.
A close inside the Cloud increases the likelihood for a return to the monthly PP and upper Cloud 1,1150-1,12.
However, today, there is also strong resistance at Weekly R1 and a sloping , at 1,1070. Since the B-level
from May was taken out, we can say that the has become more probable, despite the sharp bounce.
A close inside the cloud will complicate things for bears, as we already had a nice bearish breakout on the 16th. I think this signal is still valid,
thus the retest of the cloud and from there a continuation. The close is always important in my book.