Daily fann completion at 1.27. Hold will remain bullish bias. Weekly Gann fann cycle completion at 1.20. A hold will maintain longer term bullish bias. Quantum formulated weekly path implying 1.20 very likely pre 2021.
Weekly MACD implying uptrend has tired. Failures at sloping weekly resistance imply uptrend is also tired.Potential for attempt at 1.32 but has thus far failed. DXY should be monitored closely as is implying the inverse on weekly. VI+- on weekly also implies uptrend momentum slowdown.
I hold bearish bias on this pair and positive bias on dollar from here til Year End.
Weekly MACD implying uptrend has tired. Failures at sloping weekly resistance imply uptrend is also tired.Potential for attempt at 1.32 but has thus far failed. DXY should be monitored closely as is implying the inverse on weekly. VI+- on weekly also implies uptrend momentum slowdown.
I hold bearish bias on this pair and positive bias on dollar from here til Year End.