Some friends asked me yesterday why did EURUSD moves so much higher from the Lows of sub 1,3650? What was the reason behind this move? My answer is simple, and since I do not care much about fundamentals when observing charts and price action (fundamentals just confused me too many times and too early), the answer is pure technical: the Kumo (Cloud) was too thick below the price candles. Normally for first time is is very difficult to break through. However what we have seen in ytdays px action is a kind of Kumo and Kijun pull back so far, which is ntg else but a good risk reward sell opportunity for those who initially missed the breakdown two days ago. Tenkan still trades below Kijun, cross happened within the cloud, so this is a medium sell signal. Future Kumo is bearish and pointing down. DMI bearish and ADX slowly picking up. These signals on the 4 Hrs time frame are supported by one very important new signal on the daily chart! MACD did a bearish cross, which means the prev small bullish trend is likely over. Sticking to my ytday recommendation on USD, I sized up EURUSD shorts too above 1,3700. Initial stops now ard 1,3780-1,3805 levels.