Bullish Arguments:
Major Hammer at key support
Hidden Bullish Divergence
Overall Trend Remains Bullish
Bearish Arguments:
Short term trend line+50-days SMA Break.
Possible Scenarios:
-I expect a bounce and a retest of the 50-days SMA and 1.5292 resistance area.
-Bullish resumption will probably be confirmed above the latter resistance, targeting 1.5550 areas.
-A reversal and break below 1.5028 support would be a serious bearish signal.
Major Hammer at key support
Hidden Bullish Divergence
Overall Trend Remains Bullish
Bearish Arguments:
Short term trend line+50-days SMA Break.
Possible Scenarios:
-I expect a bounce and a retest of the 50-days SMA and 1.5292 resistance area.
-Bullish resumption will probably be confirmed above the latter resistance, targeting 1.5550 areas.
-A reversal and break below 1.5028 support would be a serious bearish signal.