The trend and price action is still bearish on all time frames. The only question for now is if the pair will be able to make a new lower low or not.
Weekly:
- Ichimoku bearish
- Heikin-Ashi bearish
- EWO is bearish, MACD is still below signal line
Daily:
- Price is back below Kijun and Kumo -> Ichimoku is bearish until price is below Kumo
- Heikin-Ashi is bearish, haDelta is a bit too low, we may see some drop in bearish momentum ard 102-103
- EWO is back to red
4H
- Bearish, but looks a bit oversold too. A spike above 103 may happen, but as all averages point down, that spike will likely be sold.
Levels to watch:
Lower key is 100-101 zone
Upper key supp/res is 105,10
Possible short term retracement tgt is 103,80-104
Weekly:
- Ichimoku bearish
- Heikin-Ashi bearish
- EWO is bearish, MACD is still below signal line
Daily:
- Price is back below Kijun and Kumo -> Ichimoku is bearish until price is below Kumo
- Heikin-Ashi is bearish, haDelta is a bit too low, we may see some drop in bearish momentum ard 102-103
- EWO is back to red
4H
- Bearish, but looks a bit oversold too. A spike above 103 may happen, but as all averages point down, that spike will likely be sold.
Levels to watch:
Lower key is 100-101 zone
Upper key supp/res is 105,10
Possible short term retracement tgt is 103,80-104