09/04/2017:i am still bulish on the pair. EMAs are crossed up on all major pairs. On the monthly we printed a spinning top candle representing indecision. We tested and rejected weekly resistance of 1.1925
On the weekly we printed a shooting atar which spiked through key resistance implying we are going to see a retracement.
On the Daily we saw a hammer late last weekthat tested and rejected the 8 am 18 EMA along with the .618 FIB level. We are currently in a tight range of consolidation. I am looking for a break to the upside on this pair out of the current flag.
One note.. 1.1925 was a key support for nearly 4 years and has been a key resistance for 2.5 year. We must remain vigilant at the area to see where price will break
On the weekly we printed a shooting atar which spiked through key resistance implying we are going to see a retracement.
On the Daily we saw a hammer late last weekthat tested and rejected the 8 am 18 EMA along with the .618 FIB level. We are currently in a tight range of consolidation. I am looking for a break to the upside on this pair out of the current flag.
One note.. 1.1925 was a key support for nearly 4 years and has been a key resistance for 2.5 year. We must remain vigilant at the area to see where price will break