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Augustus1st

Loss of momentum ?

Short
Euro / U.S. Dollar (FX:EURUSD)  
Augustus1st  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns Technical Indicators ADX Forex EURUSD EUR dollar short shorttrade forxtrading
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trendanalysis chartpattern indicator adx forex eurusd eur dollar short shorttrade forxtrading
After a nice bounce thanks to a weaker dollar, prices seems to have touch a high level.

For the moment, 1.07382 is the level to break, but the DMI indicator shows that the trend is losing strength, with a falling ADX (in yellow).

Main support is still the daily Kijun, if it breaks, daily cloud should be tested soon !

Invalidation of this signal by a breakout of the highest short term level written above.
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