Monthly MONTHLY REJECTION OF 1.3400 LEVEL WITH SPINNING TOP AND LONG-LEGGED DOJI. HUGE BEARISH ENGULFING CANDLE FOR JANUARY TAKING OUT 5 MONTHS OF PRIOR BULLISH PRICE ACTION - STRONG REVERSAL INDICATION.
Weekly WEEKLY CHART IS SHOWING FALSE BREAKS OF MONTHLY RESISTANCE OF 1.3400. CLEAR BEARISH PRICE ACTION CLOSING BELOW LONG TERM TREND LINE AS WELL AS WEEKLY SUPPORT OF 1.3100 - ALSO AN MA CROSSOVER TO THE DOWNSIDE
Daily DAILY CHART SHOWING DOUBLE TOP AND WEEKLY SUPPORT OF 1.3100 AS NECKLINE - THIS NECKLINE/SUPPORT AREA HAS FINALLY BEEN BROKEN AND WE HAVE A CLOSE BELOW + RESTEST-REJECTION. MA CROSSOVER IN ALIGNMENT WITH WEEKLY CHART ALSO CLEAR FORMATION OF LOWER HIGHS AND LOWS SUPPORTING DOWNWARD MOMENTUM
H4 BREAK OF CTL AS WELL AS BEARISH ENGULFING CANDLE CLOSING THE DAY OFF TAKING OUT 20 HOURS OF PRICE ACTION.