Kumowizard

EURUSD - Update. Still a consolidation.

FX:EURUSD   Euro Fx/U.S. Dollar
191 2 2
4 Hrs             time frame: Price could not close above 1,3420, where the Kumo blocked the move. Now down to Kijun Sen again. We'll likely see some more bottom building here between 1,3360-1,3410, but I still beliweve sooner or later some kind of corrective bullish countertrend move will unfold. ADX dropping, DMI             starts zig uag and Chikou Span hit price wall. Senkou A and Senkou B (Cloud components) got flat, the future cloud is thin now and not pointing anywhere. For a further massive bearish move EURUSD             should agressively break the 1,3340 Key Resistance quickly. Nothing is impossible, but given the Daily MACD and Slow Stoch , it has less chance now.
Meanwhile as time is passing by, the stronger the 1,3520 key Support will become on the daily chart too.

p.s.: For me still EURUSD             is one of the most difficult pair to read and trade this year :-)
Loaded 2 trade units EURUSD Longs yesterday and today. Sharp move up after triple bottom at Key resistance 1,3330-40. Looks like it will become a valid reversal. Initial stops at 1,3330.
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Price back down to consolidation zone bottom 1,3330-1,3340. Let's see if it holds or breaks below. 1 Hr time frame got oversold a bit again here. 4 Hrs Slow Stoch in oversold. 4 Hrs future Kumo is totally flat and down to 1,3390. We can try bottom fishing here in small and with a very tight stop, but counter trend long would be good still only above 1,3400.
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