EURUSD only

1. Since May is at the verge of completion I think it is okay to share S/R levels for June..
2. 5 bear candles in a row BUT we have not seen enough bear pressure to achieve a close below channel center: Dashed trendline! Makes me think that 1.0801 could turn into serious support in upcoming days..
3. Nothing bullish yet.. I am only talking about weak bear power.. Yes it is weak BUT it is still bear power! Keep that in mind..
4. The point where we can start talking about significant bullish priceaction is when bulls first and foremost start to attack 1.1018.. That's the first gate bulls have to break to trigger more bull power.. However, the most crucial resistance level for bulls would be 1.1082 because once that level breaks they can jump into the highest quarter (or track, or league) of this big descending channel which then could open the chance for a major breakout.. Anyways, let's not get that excited yet.. these things take time..
5. Overall I am still bearish intraday wise (especially while below 1.0908) BUT please remember that we might slowly see a shift from bear to bull power IF bears begin to struggle dipping below 1.0850..

I hope it helps..

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