GBP/USD GBP/JPY GBP/CAD GBP/CHF GBP/AUD GBP/NZD EUR/USD EUR/GBP EUR/JPY EUR/CHF EUR/CAD EUR/AUD EUR/NZD USD/JPY USD/CAD USD/CHF AUD/USD AUD/CAD AUD/JPY AUD/NZD NZD/USD
The EURO -0.05% has moved relentlessly forward since the beginning of the year and has climbed from 1.0340 to 1.1264 but with last week hitting the major 38.2 Fibonacci level and prices putting in a reversal candle, it may be time for the EURO -0.05% to head south. On the Weekly, theTDI -0.27% line is outside the upper band and is inside the reversal channel above 63. The is also headed south.
Price is also at the upper side of a well-defined .
On the DTF, price has recently crossed south over the signal line and market line and with market base line in the upper channel a move back to the centre is favoured.
H4 TF TDI -0.27% is so we may see a move north before the next leg down.
H1 TDI -0.27% is similarly and a move back north for a retest of 1.1190 has possibilities.
Look to SELL below 1.1100 or on a move back to 1.1190 area.
Price now 1.1152