CapMoore

Challenging the Top of a Bearish Pitchfork Channel

FX:EURUSD   Euro Fx/U.S. Dollar
171 0 2
Price is challenging the top of a Pitchfork Channel and is
consolidating inside the Kumocloud. A close below the
Kumocloud signals bearish continuation. A close above the
Kumocloud and a break of the Pitchfork Channel, signals
Short Term trendreversal. Preferably a close above 1,15
for more conviction. On the downside a close below 1,1250
will give a more clear bias.
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