Considering the longer lagging , although drifting, is still above it s signal line, and the faster should still be above its mainline as long as it closes above 32 today; plus are trying to switch formations for move; I will take a stance with D+. Here is really hiding its hand and usually this is where the big move is being cooked.
On a daily levels:
are at d:1331.2, w:1333.80, M: 1326.5
PSAR is at d:1306, w:1278
MAs cluster is in the range of 1325.50 to 1337
On intraday levels: h4 gave a 1327.8 as the lowest MA line and is now breached. the rest of the cluster sits all in a mess up to 1341.8. Oversold conditions are in the making, but still .
Expectation: while i'm still on the daily level, on intraday levels only bears are obvious and there is no reversal yet, but i'm expecting it to occur on a monthly level at 1326.5. Let's note 1328-1330 is the break out area which price shot to 1352, so 1325-1327 could provide a .
So indeed 1325-1327 did provide a demand zone. QM level spotted at 1327. Trying to long as close as possible to the level
about 1:30-2:30am we have direction switch as Fed's speech slump rate hike chance. http://www.cnbc.com/2016/09/12/lael-brainard-of-federal-reserve-warns-against-moving-too-quickly-on-interest-rate-hikes.html
What actually happened: The area chosen was NFP's retrace area (1319-1322). Furthermore, it's not about where but much more about when: which is the news on the Fed's speech.