So, NFP above expectations and fiber break thru main trchn support at 1.1249. From tech point of view we have plan B activated with main resistance at 1.1249-60 and tgt at year lows...
Beware wicked witch (aka D.T.) he can change everything in a moment... :))) Anyway, untill we stay under 1.1249 it is bearish, if bulls regain this lvl imho it is extra bullish time...
So, finally fiber get down to 1.1296 ... healthy correction in fact, but now if bulls wanna see it up then must to protect as we map it before.
Technically nice setup for bulls with 1.1296/1.1280(ideally) long setup with last fort at 1.1250-60 region aiming 1.1560/1.1741
Loss of 1.1260 around or daily close under shud lead to year lows again.
EU - Italy debt talks, US-CH trade wars, still not dovish as everyone and his mom expect to see FED and still negative fiber carry.
Hard to expect a lot of fiber upside at this moment? Did i miss something mb? TTFN.
Interesting situation with fiber again, but we must understand that it is lazy cross currency pair nowdays and we face summer time, so with FED not so dovish as expected (again) any buck depriciation cud start from september with more sideways during summer months.
Key lvl for bulls 1.1240-60, if they want higher earlier than september, than must to protect, if...
Higher TFs shows a possibility of a turn. Not for sure :))) but as usually a possibility... will watch 1.1131 lvl on close basis. Sell is interesting at 1.13 around imho... here is a little bit dangerous already.