We are building up upwards momentum a bit, and one could expect 15-50-16.50 to be reached in the near term, is my personal view. I am not a supporter of going long, because of costs factors associated with longs.
The daily chart is overbought, and we should see a move back towards 14.00 once again.
The weekly chart is kind-of neutral to upside, and not extremely overbought as yet.
The monthly chart is way overdone, but history shows we had more severe levels.
Summing up strategy: short-term SELL current 14.850-15.00 and take profit 14.00.
medium-term to long term SELL 14.85 and 15.50 plus 16.50 for a move back towards 10.50 - 9.00 (even possible I think).
Fundamentally the larger move down will take time due to the ongoing situation.
The daily chart is overbought, and we should see a move back towards 14.00 once again.
The weekly chart is kind-of neutral to upside, and not extremely overbought as yet.
The monthly chart is way overdone, but history shows we had more severe levels.
Summing up strategy: short-term SELL current 14.850-15.00 and take profit 14.00.
medium-term to long term SELL 14.85 and 15.50 plus 16.50 for a move back towards 10.50 - 9.00 (even possible I think).
Fundamentally the larger move down will take time due to the ongoing situation.