EURNOK - Looks good until 8,40-8,45, hold shorts
Weekly:
- Short looks good until trades below Kijun Sen and Senkou B
- Heiken Ashi supports further bearish move
- weekly trend and horizontal support is between 8,40-8,45
Daily:
- Bearish Ichimoku setup, Tenkan and Senkou A lines pointing down.
- Heiken Ashi turns bearish again with haDelta back below SMA3 and zero line
- With next wave down watch Oscillator changing bias to bearish
- good chance first resistance ard 8,70 will be cleared in coming days
- next resistance (also our short term bearish tgt) is ard 8,45
Things that could support it fundamentally further: more correction in Oil (would be even better together with some USD correction) and more EUR weakness on back of ECB QE spreading to other crosses than only EURUSD.
Hold shorts! We'll talk about it again around 8,45.
- Short looks good until trades below Kijun Sen and Senkou B
- Heiken Ashi supports further bearish move
- weekly trend and horizontal support is between 8,40-8,45
Daily:
- Bearish Ichimoku setup, Tenkan and Senkou A lines pointing down.
- Heiken Ashi turns bearish again with haDelta back below SMA3 and zero line
- With next wave down watch Oscillator changing bias to bearish
- good chance first resistance ard 8,70 will be cleared in coming days
- next resistance (also our short term bearish tgt) is ard 8,45
Things that could support it fundamentally further: more correction in Oil (would be even better together with some USD correction) and more EUR weakness on back of ECB QE spreading to other crosses than only EURUSD.
Hold shorts! We'll talk about it again around 8,45.
