Got majors confirmation,, EURNZD approaching 4hr trendline, could be a nice sell to psychological area of 1.68. 0.5% fibs located around current entry point of 1.6940 which could pose as possible rejection.
Retesting the neck line of this slanted H & S pattern now.
Not my favourable slant and the entry will be heavily dependant on the close of the current session candle but a nice level.
RSI is pushing over bought too.
Will be keeping an eye on this level this morning.
Good luck in the markets.
The 0.99 psychological target has now been fulfilled by the bulls with now what is looking like a possible turnover and bears taking control, will it happen? If the supports of 0.988/0.987 breaks I will be trading it all the way to the 0.98 handle.
1. The pair is approaching critical daily trendline
2. There is an M formation on Daily, 4HR & 15'' time frame
3. Both crosspair support the direction of trading as EURUSD is trapped 1.14 range and USDCHF is currently oversold and approching critical resistance
4. Upward trend is covered by the 800 EMA at 1.1350
we have a descending triangle that has been respected multiple times.
I'm predicting when price gets to 0.95400 it should reverse and carry on the down trend
im expecting price to hit 0.94330 and possibly break out to further downfall.