- Today we have to be patient since we do not have a very clear scenario, and we cannot fall behind the market, but rather decide what will be the most likely level for a continuation, development or change of trend, to later be looking for an opportunity to sale or purchase.
- Preferably and the only way I would operate for today would be to see if a purchasing opportunity presents itself, which requires several scenarios and movements before said purchasing opportunity presents itself for today.
- Currently the price is in an Ordec Block zone in a major breakout, which right now is being used as support to retain the price either in just setbacks and then seeing Bearish continuations or to begin the change in structure thus causing a new Bullish phase.
- It is also worth mentioning that additionally, where the price is located, there is also the intermediate zone from the last bullish impulse between the levels of 50 and 61%, which is an important zone where the price can both react bullishly and have changes and definitive completion of the downtrend it is currently in.
- We also have 2 possible levels of importance where only if they are broken then we can establish the scenario that Alcsitas expects for today, said levels mentioned are in a time frame of 1H and 15M.
IMPORTANT:
- We would have to see the strong and clear break of the levels of 1.06846 and 1.06906 to thus validate a Bullish CbdE where after, we would be waiting for setbacks in smaller periods in search of a confirmation to be buying today.
- Preferably we would need to see the CbdE of the 1H time frame mentioned above to have a greater probability of success when looking for a buying opportunity for today. Therefore, the most important key level to break to the upside is 1.06906.
- On the other hand, if we see the elimination of both the intermediate zone since the last bullish impulse plus the elimination of the Ordec Block zone in breakdown, which is currently being used as support, in addition to the elimination of the Low of the day located specifically in the level of 1.06654 We would consider any Bullish scenario as Canceled for today.
- If the Bearish scenario is what happens today, that would make it clear to us where the price will possibly go, since we have a double zone below, which is the zone of origin from the last Bullish impulse, plus a Ordec Block valid with imbalance which can be used both the entire origin zone and just the Ordec Block to cause the price to react to the rise and possibly see the end of the bearish trend we are still in.
EYE:
- We continue to have a very clear and distant Bearish objective in the Dollar Index. Therefore, we cannot rule out that although the price extends in the Eur/Usd going down, when the DXY finds a resistance zone and causes a Bearish CbdE which can cause the new Bearish phase to begin, in search of meeting the pending objective of the formation of a longer duration, that is what would clearly cause the new Bullish Phase in the Eur/Usd.
- Currently the price apparently is finding support in the areas mentioned above. In addition, if we see the Temporality of 30M, the price is currently supporting the 200 period EMA, which is also positive for the scenario that we expect to see today.
- Finally I must mention something that I don't like, and that is that both the reaction to the last push we had to the Upside was aggressive and the decline we are currently in is also being aggressive, which makes it impossible to differentiate who is winning. Supply or Demand.
- The key levels for the following zones if the price decides to continue the current Bearish trend would be 1.06530 and 1.06409 for the Ordec Block zone valid with Imbalance, While for the entire Origin zone since the last Bullish impulse we have the levels between 1.06530 and 1.06244.
- For Bullish objectives, if the price gives us today the scenario that we expect, we would have the following: First objective, eliminate the High that the price leaves us by causing said Bullish CbdE either in a Time of 1H or 15M Then we would have as a second target 1.06998, as a third key target the levels of 1.07128 and 1.07226 And finally we would have the levels between 1.07401 and 1.07488. More after the elimination of last week's High.
- Preferably and the only way I would operate for today would be to see if a purchasing opportunity presents itself, which requires several scenarios and movements before said purchasing opportunity presents itself for today.
- Currently the price is in an Ordec Block zone in a major breakout, which right now is being used as support to retain the price either in just setbacks and then seeing Bearish continuations or to begin the change in structure thus causing a new Bullish phase.
- It is also worth mentioning that additionally, where the price is located, there is also the intermediate zone from the last bullish impulse between the levels of 50 and 61%, which is an important zone where the price can both react bullishly and have changes and definitive completion of the downtrend it is currently in.
- We also have 2 possible levels of importance where only if they are broken then we can establish the scenario that Alcsitas expects for today, said levels mentioned are in a time frame of 1H and 15M.
IMPORTANT:
- We would have to see the strong and clear break of the levels of 1.06846 and 1.06906 to thus validate a Bullish CbdE where after, we would be waiting for setbacks in smaller periods in search of a confirmation to be buying today.
- Preferably we would need to see the CbdE of the 1H time frame mentioned above to have a greater probability of success when looking for a buying opportunity for today. Therefore, the most important key level to break to the upside is 1.06906.
- On the other hand, if we see the elimination of both the intermediate zone since the last bullish impulse plus the elimination of the Ordec Block zone in breakdown, which is currently being used as support, in addition to the elimination of the Low of the day located specifically in the level of 1.06654 We would consider any Bullish scenario as Canceled for today.
- If the Bearish scenario is what happens today, that would make it clear to us where the price will possibly go, since we have a double zone below, which is the zone of origin from the last Bullish impulse, plus a Ordec Block valid with imbalance which can be used both the entire origin zone and just the Ordec Block to cause the price to react to the rise and possibly see the end of the bearish trend we are still in.
EYE:
- We continue to have a very clear and distant Bearish objective in the Dollar Index. Therefore, we cannot rule out that although the price extends in the Eur/Usd going down, when the DXY finds a resistance zone and causes a Bearish CbdE which can cause the new Bearish phase to begin, in search of meeting the pending objective of the formation of a longer duration, that is what would clearly cause the new Bullish Phase in the Eur/Usd.
- Currently the price apparently is finding support in the areas mentioned above. In addition, if we see the Temporality of 30M, the price is currently supporting the 200 period EMA, which is also positive for the scenario that we expect to see today.
- Finally I must mention something that I don't like, and that is that both the reaction to the last push we had to the Upside was aggressive and the decline we are currently in is also being aggressive, which makes it impossible to differentiate who is winning. Supply or Demand.
- The key levels for the following zones if the price decides to continue the current Bearish trend would be 1.06530 and 1.06409 for the Ordec Block zone valid with Imbalance, While for the entire Origin zone since the last Bullish impulse we have the levels between 1.06530 and 1.06244.
- For Bullish objectives, if the price gives us today the scenario that we expect, we would have the following: First objective, eliminate the High that the price leaves us by causing said Bullish CbdE either in a Time of 1H or 15M Then we would have as a second target 1.06998, as a third key target the levels of 1.07128 and 1.07226 And finally we would have the levels between 1.07401 and 1.07488. More after the elimination of last week's High.