The downtrend line is capping the upward pressure so far. Bulls need to break decisively 1.3050 to keep the scenario intact. I favor outlook as long as the 1.2916 support holds. Breaking down the 1.2916 means the upward channel is broken and a massive decline will be expected in that case. is turning positive but it might just be a ZLR.
With FOMC on hold, focus is on Brexit-related issues. East European countries oppose giving any privilege to Britain and this makes the divorce process hard.
Ali Sharifazadeh, CFTe