Trend: Bearish / Neutral
Relevant Key Levels: Resistance: 1.3190, 1.2770 and 1.2640. Support: 1.2020 and 1.1400.
Price Action: Inside Bar Pattern formed under 1.2640 resistance. (Watch for potential bearish Fakey pattern or Inside bar break down)
Current Notes: Price collapsed below both 1.2770 and 1.2640 levels activating a short term bear market...
Trend: Very Bearish
Relevant Key Levels: Resistance 0.6745 and 0.6445. Support 0.6200’s and 0.6000’s area.
Price Action: Price collapsed after a False break of an Inside bar setup (bearish fakey pattern), and a subsequent break down from an Inside Bar pattern, last week.
Current Notes: The bias bearish whilst prices remain below the 0.6745 resistance...
Trend: Long Term Bullish / Short Term Bearish.
Relevant Key Levels: Support at $1445. Resistance $1610, $1650 and $1690.
Price Action: Price collapsed after a false break above the previous high at $1690. A Bearish Pin Bar formed mid last week, providing a further catalyst for massive declines into the end of last week.
Current Notes: There is major prior...
EUR/USD is trading below 1.1050 as the dollar rises alongside yields. President Trump announces a national emergency. The Fed announced another surprise buying of bonds.
The Relative Strength Index on the four-hour chart is above 30, outside oversold conditions. The currency pair is trading above the 100 and 200 Simple Moving Averages but lost the 50 SMA....
