CapMoore

Short Term Bias After Monthly Pivot Point Rejection

FX:EURUSD   Euro / U.S. Dollar
100 0 0
Price failed by the confluence of horizontal resistance,
Monthly PP and Daily R1 along with the Weekly R1.
After good US data price tumbled to the lower Kumo Cloud
and a test of the Kijun (White line) which has held support
this far. A daily close above the Daily S1 is preferred for relieving
direct downside pressure for tomorrow. A close below Daily
S1 at 1,2389 and more so below the Kumo Cloud and the
critical Kijun line will signal further losses for tomorrows session.
Overall, on Daily timeframe price has returned right back inside
the descending wedge , but as Retail Sentiment has turned
bearish since a few days with some margin, chances are
we will see a deeper correction from here.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out