Kumowizard

Bearish bias, but not yet confirmed bearish

FX_IDC:EURUSD   EURO / US DOLLAR
144 0 5
Do we like it or not, the big picture is still Neutral!

Weekly:
- Neutral Ichimoku . Everything is located in the spot Kumo cloud: Price, Tenkan and Kijun. Price is testing Kijun Sen, and uptrend line. The setup can not be called firm bearish until Price holds above 1,0975-1,1000! What's more, the forward Kumo still has a bullish bias.
- Heikin-Ashi signal has been bearish for the 4th week now. we may see some slowdown in momentum this week -> see haDelta/SMA3 cross, but it is very early to decide wether we see a breakdown later, or a reversal up.
- EWO             is back to neutral.

Basically Bulls need a close above 1,1200, while Bears should push it below 1,1000 to see a real trend unfolding. Otherwise it is still a range 1,10-1,13.

Daily:
- Price is below Kumo, and we also had a bearish Senkou cross (forward Kumo twist). Ichimoku setup is turning towards bearish , but again Bears need a confirmation close below 1,1050 -> this would mean trendline break and also a bearish Chikou Span cross below past Kumo.
- Heikin-Ashi is bearish .
- EWO             is bearish .

On the daily Bears have better chances and bit more power. They sell all spikes. Question is if market can keep this pace of selling?

p.s.: looking at all crosses, the move in EURUSD             is rather due to USD bullishness, not EUR selling.
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