Kumowizard

No change, it is still neutral

FX_IDC:EURUSD   EURO / US DOLLAR
53 1 4
While DXY             (broad USD Index ) delivered a bullish signal on the daily, its major component, the EURUSD             cross still can not decide about direction. From the other side it obviously means that DXY             move was mainly due to GBPUSD             collapse and spike in USDJPY             . Should GBP show some correction and EURUSD             to tick higher, those who are long in DXY             will have to be careful with their positions.
Back to EURUSD             itself:

- Flat Kumo, flat Tenkan and flat Kijun. All these average lines line up around 1,1200, making the equilibrium level there. Price is in the middle of the thin Kumo cloud. Chikou Span is also at middle of past candles. Sometimes it looks like a start of a trend, but in fact this market has stopped trending and has been moveing sideaway since May.
- ATR shows lack of volatility.
- EWO is neutral
- Heikin-Ashi right shows indecision rightnow, with haDelta and haOscillator signalling small chance for higher prices. NOT yet a buy signal!
- Range support: 1,1100-1,1125 -> Sell break below
Range resistance: 1,1215 (Kijun) and 1,1245 (horizontal) -> buy a break above

Kumowizard PRO
2 months ago
It looks bearish again, but will it close below 1,1100 range bottom?
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