On the contrary, in the major trend, with hardly 100 pips away from the current levels, bulls have been lingering in the major consolidation phase to hit a fresh 3-years high again after previous 3 months’ momentary effects (refer monthly terms).
Amidst this upside travel, bulls manage to break out the long lasting range, the major uptrend prolongs upside traction after break-out of range resistance & 61.8% Fibonacci retracements, both leading oscillators signal overbought pressures on this timeframe and lagging indicators still show crossovers that indicate more upside traction.
Most importantly, both and curves are indecisive to the current uptrend on monthly terms.
shows tinted curve in the prevailing upswings at 6 levels on daily and monthly terms that indicate the faded strength in the buying sentiments. While curves also evidence the same.
Well, at spot reference: 1.1783 levels, on intraday terms, as both and noise with strong momentum in selling interests as they are diverging to the ongoing price rallies, we advocate tunnel binary options spreads using upper strikes of 20-25 pips northwards and 40-50 on southwards.
Currency Strength Index: FxWirePro's hourly EUR spot index is flashing at -20 levels (which is mildly ), and CHF is flashing at -68 ( ) while articulating (at 10:45 GMT ).