Monthly
Strong month starting the year of 2018 - January looks good to breach and close above 1.2400 forming multi year highs.
Weekly
Last week we saw a strong bullish close above 1.2400. This week, price may mange to stay above this level and sustain 1.2400 as key support. EMAs upward facing.
Daily
After a pullback and reaction against 1.2400, price has been supported nicely by our 8 EMA - today looks like it could close strong and complete the formation of tweezer bottoms. EMAs upward facing.
H4
A nice pullback into our preferred fib region and a hammer formation indicating reversal. Price has crossed back over 1.2400 and is also confluent with an EMA crossover to the upside and a CTL break.
Strong month starting the year of 2018 - January looks good to breach and close above 1.2400 forming multi year highs.
Weekly
Last week we saw a strong bullish close above 1.2400. This week, price may mange to stay above this level and sustain 1.2400 as key support. EMAs upward facing.
Daily
After a pullback and reaction against 1.2400, price has been supported nicely by our 8 EMA - today looks like it could close strong and complete the formation of tweezer bottoms. EMAs upward facing.
H4
A nice pullback into our preferred fib region and a hammer formation indicating reversal. Price has crossed back over 1.2400 and is also confluent with an EMA crossover to the upside and a CTL break.
Trade closed: stop reached