ADX LINE IS FALLING LIKELY TO BELOW 20. MACD IS ALSO FALLING. RSI IS DISPLAYING DIVERGENCE. PIVOT POINT IS VISIBLE AT 1326. SELL CORRECTION TO 50EMA AS THE TARGET
Wait for pullback and buy close to 50EMA and previous resistance.
ADX LINE IS FALLING WITH MACD AND RSI ALSO. PRICE AT MINOR WEEKLY RESISTANCE.SELL TO 50 EMA LINE.
ADX IS RISING RSI NOT SHOWING REVERSION YET. SAME WITH MAC D. KEEP THE SELL GOING.
Price retested previous support and slowed down. Downward movement expected. Stoploss: 109.190
Awaiting pullback before entering short position.
Previous weekly support is retested and a slowdown in price is visible. Price more probable to continue down movement.
Price can be seen testing previous weekly support. Brexit news later in the month should provide momentum. We wait for break of trendline on the daily and 4hr before entering short positions.
Weekly consolidation to the downside looks to continue.