EURUSD Update 03/04/19
- Daily
Price has shown a strong rejection off of the overall trend. As an added bonus, there was a break of the counter trend.
- 4H
Price has broken Kijun and entered the cloud; Chikou right along with it. There are signs that the bearish momentum is continuing:
- Kumo Twist
- Price and Chikou below Kijun
We could see a possible buy setup closer to 1.13000.
- 1H
This timeframe shows multiple selling opportunities when price came close to Kijun and bounced hard. We see a level of support formed around 1.13200 and price could continue up a little higher before dropping again.
Price has shown a strong rejection off of the overall trend. As an added bonus, there was a break of the counter trend.
- 4H
Price has broken Kijun and entered the cloud; Chikou right along with it. There are signs that the bearish momentum is continuing:
- Kumo Twist
- Price and Chikou below Kijun
We could see a possible buy setup closer to 1.13000.
- 1H
This timeframe shows multiple selling opportunities when price came close to Kijun and bounced hard. We see a level of support formed around 1.13200 and price could continue up a little higher before dropping again.
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