Some hope for a bottom
Daily:
For now it seems like momentum is reversing from a higher low. If ECB announces something credible, it may trade up to 1,0570-1,07 zone again
Weekly:
Absolute key level is 1,0370. Overall setup is still far from a possible trend reversal, there will be a lot of work to do until it happes: 100WMA and weekly Kijun has to come down more to get closer to price, and also haOscillator momentum indicator should not fall back below its mid line. For a few weeks I can immagine a repeated volatile trading pattern similar to the one seen in 2017. (marked with purple rotated rectangle).
For now it seems like momentum is reversing from a higher low. If ECB announces something credible, it may trade up to 1,0570-1,07 zone again
Weekly:
Absolute key level is 1,0370. Overall setup is still far from a possible trend reversal, there will be a lot of work to do until it happes: 100WMA and weekly Kijun has to come down more to get closer to price, and also haOscillator momentum indicator should not fall back below its mid line. For a few weeks I can immagine a repeated volatile trading pattern similar to the one seen in 2017. (marked with purple rotated rectangle).
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