If the Euro
breaks below the 1.121 area there are no more bulls in the room, for now there seems to be a pullback in the offing for us to consider a short trade in the selling zones (see chart notes) when(if) that happens I will update the post. For now we are decidedly bearish
and waiting for a break of the Senkou Span B (white line). CMF
(26) is bearish
, kijun flattening tenkan full bearish
. Chikou span shows a strong bearish trend
. WPR(9) was oversold, so that would allow us to sell on a break, but I would prefer the higher price in the zone 2 or at least zone 1.
Good Trading folks,