Spikes happen, but facts are facts:
- Price is reaching a lower bound of resistance (bearish support) zone, marked by Kijun Sen
- Further key resistaneces: 1,1500 / 1,1560
- haOscillator is reaching its top
- Minor downtrendline is still in place (not broken yet)
- EWO is bearish
Dear Friends, this move is called "bearish consolidation". Definately not bullish. It may spike a little more higher short term, or it may become bullish sometimes in the future, but for now we just don't see any indication or validation to be strategic bullish on EURUSD.
- Price is reaching a lower bound of resistance (bearish support) zone, marked by Kijun Sen
- Further key resistaneces: 1,1500 / 1,1560
- haOscillator is reaching its top
- Minor downtrendline is still in place (not broken yet)
- EWO is bearish
Dear Friends, this move is called "bearish consolidation". Definately not bullish. It may spike a little more higher short term, or it may become bullish sometimes in the future, but for now we just don't see any indication or validation to be strategic bullish on EURUSD.