Kumowizard

EURUSD - Total undecision, and noise all around, but...

FX:EURUSD   Euro Fx/U.S. Dollar
413 0 4
... but somehow I have the feeling that despite all risk factors and money printing in Europe, EURUSD             can still trick us and move more up. However this is just a gut feeling as looking a the chart it is impossible to predict any short term moves now. We have a lot of noise and players on this field are rather show signs of undecision.

Weekly:
- Ichimoku setup is still bearish . The most important to note, that Price have not closed above weekly Tenkan Sen (9 weeks average ) for the last 47 candles (336 days) !!!! Once it does, that would bring a very sharp reversal and correction towards Kijun Sen (appr to 1,1400-1500 level)
- Last week it looked like a massive bearish resumption started, but Price could not make a lower low. This week so far we have an inside body doji-like Heikin Ashi candle, with haDelta crossing back above SMA3 and attacking zero line. This is a clear signal of undecision and consolidation, not sure if an early signal for a possible start of a correction.

Please not that Tenkan Sen is down to 1,09 by now!!!

Daily:
- Ichimoku setup continues to turn more neutral. Price stuck between Tenkan and Kijun, and all of of the average lines (Tenkan, Kijun, Senkou A and B) point flat. Chikou Span also hit Price candles. Looks like this market has lost its heavy bearish bias.
- For the last three days Heikin Ashi candles show undecision too. Green, red, green pattern with both upper and lower wicks. haDelta/SMA3 may cross up again above zero line, so if Price closes above 1,0810 it will attack again the 1,09-1,10 zone.

My only advise is to trend followers and position traders this time: Reduce short exposure! This market stopped trending, clearly trades in a range, and who knows, maybe it wil trick most of people and finally will break back above 1,10. Can you immagine that surprise? How blind people have become after chasing a trend for 11 months? Most of them already forgot, how EURUSD             was trading before. This was really a nice trend, but I think in the future we will see a lot more volatility and swings.
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