


Wensfer
Yesterday's FOMC momentum sent a strong signal for the 1.172 support zone, the pair is likely to resume its daily uptrend.
112 proved to be a strong support, sellers have faded out in favor of buyers building positions from 112 to 112.5
Longs out before yesterday's FOMC, the downside momentum signaled sellers taking over. If 3.87 area holds, the pair will go through a lengthy correction.
H4 Longs out, sellers attacking strong, if 1.72 zone holds, the pair will drop like no tomorrow
Short term offers lifted, strong 4H bullish momentum signaling buyers stepping in.
Some daily bulls out, if 0.998 area holds, more sellers will get in, for a likely medium term reversal.
Fewer bids at 4H top, some buyers start to get out. Daily price likely to retrace to around 1.51
Daily bulls took profit, selling interests getting in, if 113.9 holds, go short
Near the end of daily chart consolidation. 4h offers repeatedly lifted with firms bids around 16.8. Likely to break out soon on the upside, resuming long-term daily trend.