Kumowizard

Positions cut before FED. Lost Momentum.

FX:EURUSD   Euro Fx/U.S. Dollar
537 0 13
Not much comment, what I expected and wrote 2 days ago is indeed happening.

- EURUSD             is losing bullish momentum at strong daily resistance marked by 100WMA and Kumo. Daily Ichimoku 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.

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