CapMoore

Weekly TF analysis with ideas and current bias

FX:EURUSD   Euro Fx/U.S. Dollar
229 0 0
MACD is crawling by TL resistance like
haven't been seen since long term top
was set in 2009 indicating indecision and
low volatility, often seen before volatility
spikes. The reaction off of the TL resistance
was not impulsive, thus one can suspect
another run at it, perhaps after a test of the
Yearly PP at 1,3408. 1,3550 is NT support.
Price now struggling to take out Monthly PP
thus currently bearish bias.
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