Res level kicked in and holding so far...
Close to topping out..
Still bullish for now
Look and learn from the foot print of the market.
Nothing of any significance stands out on this chart.
Longer term a move higher is on the cards. Only something major happening in Eurpe may change this.
The GAP at 1.20 still acts as a magnet for technical traders.
Watch support for clues to the next move.
My view is to continue working from the sell side until something changes..
Breaks 618% Fib retracement = weakness still to come
Short and shorting moves higher..i.e., rallies
Look for rallies to sell into..
Eventually longs will give up. Res at 11400 too strong. Pattern needs to be filled which brings euro down towards 10700/10500 for support. Then look again.
Projected target remains
so wise to be short once through the 13500 Region in my view.
But could be very slow with summer hols now..??
Right now (Tuesday) the bias remains to sell moves higher towards 13650/70 if seen..?
Buy Dips for now. Below the 5 day MA on a Close Basis could be the first warning sign of further selling.
Bias is Bullish
Good strong bull pattern on daily Chart!
Still lacking sufficient volume..?
Long and wrong?