1,1165-95 is a bearish support now

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Just as a reminder, technically Kijun Sen and previously vroken bullish trendline should make a stronger support/resistance around 1,1165-1,1195.

Fundamentally there is a huge problem with Italian banking system! Basically they are all bankrupt and insolvent. They should write down appr 40-45 billion EUR more, which obviously is impossible to be done by their own. Some rumor about PM Renzi to go against EU rules and bail out Italian banks from the budget (by their own government) instead of using EU+ECB bank saving mechanism. If they do so, that would push Eurozone and EU further on its divergence path. If they don't do it, then ECN must do something, as not just the Italian banks, but also the two biggest German banks: DB             and Commerz trade like hot potato.
Some funny note: I read more and more about that DB             (as biggest bank of the country with far strongest economy in EU) worth less now than Snapchat on market cap. valuation :-D

So I think fundamentally Euro             will be a sell anyway. Tecnically we have to see if Kijun holds for now, but I think 1,1160-90 is a good risk/reward sell zone! I don't say it can't go higher to test 1,1270 ultimate supp/res level, but selling some here seems to be ok for me.

Tech Notes:
- It may also build a bear flag!
- haDelta/SMA3 is very weak!
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