4 Hrs time frame: Price could not close above 1,3420, where the Kumo blocked the move. Now down to Kijun Sen again. We'll likely see some more bottom building here between 1,3360-1,3410, but I still beliweve sooner or later some kind of corrective bullish countertrend move will unfold. ADX dropping, DMI starts zig uag and Chikou Span hit price wall. Senkou A and Senkou B (Cloud components) got flat, the future cloud is thin now and not pointing anywhere. For a further massive bearish move EURUSD should agressively break the 1,3340 Key Resistance quickly. Nothing is impossible, but given the Daily MACD and Slow Stoch, it has less chance now.
Meanwhile as time is passing by, the stronger the 1,3520 key Support will become on the daily chart too.
p.s.: For me still EURUSD is one of the most difficult pair to read and trade this year :-)
Meanwhile as time is passing by, the stronger the 1,3520 key Support will become on the daily chart too.
p.s.: For me still EURUSD is one of the most difficult pair to read and trade this year :-)
