Coin toss. Market is undecided at equilibrium.

FX_IDC:EURUSD   Euro / U.S. Dollar
81 2 8
Well, from this setup it is hard to tell which direction it will go. As I wrote on Twitter before, the only thing I see here today is loss of bearish momentum at equilibrium level. So far the Kumo proved to be support/resistance .

Obviously NFP will decide tomorrow.

Technically the market is absolutely neutral:
- Price is at Kumo and Kijun
- Tenkan is still above Kijun
-* Forward Kumo still shows bullish bias
- Heikin-Ashi prints a doji candle tih haDelta and haOscillator cross up below zero = indecision
- EWO             at zero = indecision, no trend

Safe stop buy could be above 1,1225, but only after NFP noise is gone! Stop sell on the on the other side for a bearish break would be reasonable around 1,1115. No trade recommended in between.

Agreed. Price reached the long term daily zigzag curve too, precisely at 0.618 of the previous up trend, so i would sit this one out and wait.
vankoosh vankoosh
I meant its at 0.618 retracement of previous down trend, not up. So i suspect its gonna go mid term short from now on.
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