Kumowizard

EUR weekly complex, before ECB

FX:EURUSD   Euro / U.S. Dollar
8
EURUSD:
- Neutral range, noise, no trend in place.
- Both Ichimoku and Heikin-Ashi shows indecision, and the system give lot of mixed signals.

EURGBP:
- massive bullish trend, with pull back phase. Watch haDelta and haOscillator signals to show you earlier when the swing bearish momentum decreases.
- Major support is around 0,8100 - 0,8150. Look for buy signals tere!

EURNOK:
- Major trend is multi-year bullish, but
- Ichimoku setup has turned to neautral, with some bearish bias
- Heikin-Ashi signal is increasing bearish.
- Major Head and Shoulders top is possibly built. (please see my recent posts about EURNOK itself)

EURSEK:
- Wide range, and Ichimoku looks bullish, but price seems to top again at 9,55-9,60.
- haDelta has some warning of a top as well, and I see some possible negative divergence in haOscillator.
- We can try a sell here with 9,61 stop.

EURAUD:
- Bearish bias below Kumo, but in last 2 months it has been stuck in a range
- 1,45 is the lower key. A close below would validate bearish Kumo breakout.
- Heikin-Ashi gives a sell signal. For more confirmation haOscillator should dip below zero.

EURCAD:
- Neutral. very boring 1,43-1,47 range since May/2016!
- Heikin-Ashi shows bearish bias now. In fact 1,44 should be cleared for a real bearish break.
- Depends on more factors: WTI, ECB and Canada macro.

If you'd like to play short EUR:
1. I think EURNOK was the best so far. Maybe a bit too late to join the move now, but if you are in short as I am, then just hold it.
2. EURAUD may be OK to sell.
3. EURSEK can be a nice try. Actually despite Riksbank dovishness today, price action is not bad!
4. EURUSD is a coin toss, due to mixed datas from US and continous FED BS talk about rates.
5. CAD is something annoying, and GBP we defenately do not want to own, not even against EUR!

NOK, SEK, AUD... that's my field.

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