Daily: Slow cross, is about to cross down as well. components are still favour long term bulls.
4 Hrs: Teankan/Kijun weak cross, Chikou Span dropped below price candles, Price enterring the Kumo and will try to penetrate 100 soon. DMI is now with slowly accelerating.
One can say OK, but isn't it the same pattern like we had 20-25th June? Yes, so far it looks like similar on 4 Hrs, but there is one big difference: the above mentionned higher time frame, so the Daily , which now looks more , while on the previous small dip it did not. This gives slightly better chance that sooner or later we'll have a confirmation signal on 4 Hrs chart for a short term move.
The tgt is 1,6900 - 1,6925. Stop loss should be 1,7160.
If you refresh the 4 Hrs chart, you see that after second Kijun retest price bounced again and now dipping into the Kumo. Chikou Span still below Price. Slow Stoch and DMI are behaving well, I think we'll see a 100 WMA and Kumo bottom attack soon. Watch for the marked area and the Key support of 1,7060.