- Note the Hidden Divergence.
- This could be the precipice of a large bear move. Especially since price is being capped by the 50 Weekly SMA at 1.13800.
- 1.1400 is major resistance.
If the Daily candle today (13/10/2015) closes as a candle, the formation will be a .
Current intraday is at 1.133 at time of writing. Short positions favoured below this handle.
Expecting next major support at 1.127 / the H4 50 .
There are no lower highs and USD is not exactly the most bullish of the bunch.