Something strange: loss of bearish momentum at key resistance

FX_IDC:EURUSD   Euro / U.S. Dollar
159 0 8
Weekly (absolutely Neutral)
- Both Ichimoku and Heikin-Ashi are neutral, price is at equilibrium.
- Bullish reversal and continuation could be confirmed above 1,1170-1,1220 key zone
- Bears can't prove their power unless they push price below 1,10

- Until yesterday Ichimoku had a bearish bias. Not so much today! Price seems to fail breaking below Kijun Sen and continue bearish . What's more, Tenkan is still above Kijun, while Chikou zig-zag at past candles. This leaves whole Ichimoku setup as neutral.
- No big drama, but it seems like bears losing power at 1,1070 key supp/res (Kijun). Heikin-Ashi candle shows indecision, haDelta crosses above its SMA (3)
- EWO             is at zero

Key levels to watch:
1. Bearish below 1,1030
2. Would be quite strong bullish with a break above 1,1175-1,1200

Don't rush, as you see market is trading in a very tight range, with low volatility (also reflected in low ATR)
My gut feeling is that it may reverse bullish (due to general dollar selling), so I bought small clips at 1,1102 and 1,1107.
Major buy only above 1,1200, as it must breaks all those bearish supports before we build larger longs.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out