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).
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.