- EURUSD is losing momentum at strong daily resistance marked by 100WMA and Kumo. Daily is neutral.
- Heikin-Ashi started to show signs of consolidation. Spike attempt above 1,10 failed five times including today!
- 4H chart shows loss of momentum as well, Price trades below Kijun, most likely it will dip further to the Kumo or move sideaway.
All eyes are on the FED now. Any kind of initial reaction is possible and the opposite too.
I think in the long run EURUSD will continue up, the question is if we see a dip to 1,08 support first. That would be the optimal level to look for a buy signal.