This is based on Trend lines on Long term. The crucial TL, has responded very well so far. It's on a correction mode before making a significant Long term Outlook.
1. 1.1160 is the Monthly support. Market did consolidate before it made a upper move. It will take a strong bear power to move below this level.
2. As i said in my previous post 1.1085 is the very important price to decide to above 1.10 or below. The inner monthly TL passing through 1.1030 -1.1060 is the potential bouncing spot for the Bulls. A weekly close above 1.1080 is the sign of reversal to move above 1.11.
3. Since the Friday daily closed as undecided, i think Market will go up to 1.1317 -1.1348 and will give a hard time for the bears and for the bulls as well. For bears no daily close above 1.1348.
4.The last week candle is a more concrete evidence for the strong bearishness signs from the market. It is better than daily.
5.The daily close below 1.1280 is the good validated sign for the Bears to continue.
1. 1.1160 is the Monthly support. Market did consolidate before it made a upper move. It will take a strong bear power to move below this level.
2. As i said in my previous post 1.1085 is the very important price to decide to above 1.10 or below. The inner monthly TL passing through 1.1030 -1.1060 is the potential bouncing spot for the Bulls. A weekly close above 1.1080 is the sign of reversal to move above 1.11.
3. Since the Friday daily closed as undecided, i think Market will go up to 1.1317 -1.1348 and will give a hard time for the bears and for the bulls as well. For bears no daily close above 1.1348.
4.The last week candle is a more concrete evidence for the strong bearishness signs from the market. It is better than daily.
5.The daily close below 1.1280 is the good validated sign for the Bears to continue.