fxtechtrader

fxtechtrader

We have interesting dips down to this 147.90 area, a true bearish swing would have to move below this level.

fxtechtrader

Neutral for me - going into earnings - , 97.10 touched, and bearish only below 92.22. Too late for fresh buys and too early for selling.

fxtechtrader

Setting up alerts at 79.48 ( previous high ) and 78.00.

fxtechtrader

Close-up of Daily, will be watching how 0.89548 acts this time...if we get there :-)

fxtechtrader

Big picture big W shaped double bottom, and we are now experiencing a retracement back to 0.8900, which so far is holding. Maybe the Yellen testimonies provide some momentum for a breakout.

fxtechtrader

Here on the weekly chart we can see that price is accelerating faster than the time/price 1:1 line, which is strongly bullish. Advance to 100.00 is possible, note however the large volume down on a recent bearish candle - there is a possibility that institutions are already distributing, whilst everything is still looking good :-)

fxtechtrader

This 101.70 area would have to be broken to the upside for any bullish advance. Neutral at the moment.

fxtechtrader

We have a recovery off the weekly low, but bullish momentum only above the recent weekly close of 337.49

fxtechtrader

146.57 and then 146.27 areas as possible minor bearish targets.

fxtechtrader

Today is NFP day, I wait for further confirmation.

fxtechtrader

Retrace of recent exaggerated advance....

fxtechtrader

Update on previous post : price got too far ahead of itself before Thursday ECB news. They can`t hold this in a tiny range below 10000 forever without looking totally manipulative / algo-driven, so now we have at least SOME movement.

fxtechtrader

Holding up weak beneath 10.000. Could take until early next week.

fxtechtrader

Notice the declining bullish volume, I see this as hidden distribution.

fxtechtrader

XLF was lagging the SPY recently and now we had this bullish breakout. I remain sceptical.

fxtechtrader

Shooting star type candle with weak follow-through ( so far ).

fxtechtrader

Looks promising,.... careful with very low participation rate due to US / UK holiday.

fxtechtrader

Looks like a demand base is building, waiting for a reaction slightly above current price.