Ok some quick analysis here, not much time these day for market reaserch
Wekly tf:
2 weeks ago a long corpus white candle broken back through 200 Ema, and these week proces formed a doji firefly, which couldn't go down through 200 ema. However, the resistance which stoped the price was 50 fibo retracment lvl(green one) from Decemeber 2010 bullish movement. I would need to see breaking it, (1.39000) lvl to confirm bullish look of the market. On the other side is 200 Ema and 61.2 fibo retr lvl(green one).
Forecast: Neutral.
Daily tf:
Simillar situation, consolidation betwen 61.2(1.3660) and 50.0(1.3900) fibo lvl (green) with doji and high waves candles. Also this can be a reversed 2 towers formation, but a realy strange one . Still we have 1.400 resistance after 1.3900 and 200 Ema upper, so I would look @ it if we would break through 1.3900. On the other side, after breaking 1.36600 i would look @ 1.35000 and 1.3410 and continuation of bearish trend.
Forecast: Neutral, waiting for break out of condolidation.
4h tf:
Same thing, consolidation around 200 Ema, with possible 3 tops formation forming. Breaking out od it wil show the market path.
Forecast: Neutral.
Overal: Neutral, but slighty bearish, couse of fundamentals which i hate. In my opinion, the Euro summit won't bring anything helpfull to the eurozone crisis, and any decision taken won't be enough to satisfy investors.
The green pips be with ya all!!
Wekly tf:
2 weeks ago a long corpus white candle broken back through 200 Ema, and these week proces formed a doji firefly, which couldn't go down through 200 ema. However, the resistance which stoped the price was 50 fibo retracment lvl(green one) from Decemeber 2010 bullish movement. I would need to see breaking it, (1.39000) lvl to confirm bullish look of the market. On the other side is 200 Ema and 61.2 fibo retr lvl(green one).
Forecast: Neutral.
Daily tf:
Simillar situation, consolidation betwen 61.2(1.3660) and 50.0(1.3900) fibo lvl (green) with doji and high waves candles. Also this can be a reversed 2 towers formation, but a realy strange one . Still we have 1.400 resistance after 1.3900 and 200 Ema upper, so I would look @ it if we would break through 1.3900. On the other side, after breaking 1.36600 i would look @ 1.35000 and 1.3410 and continuation of bearish trend.
Forecast: Neutral, waiting for break out of condolidation.
4h tf:
Same thing, consolidation around 200 Ema, with possible 3 tops formation forming. Breaking out od it wil show the market path.
Forecast: Neutral.
Overal: Neutral, but slighty bearish, couse of fundamentals which i hate. In my opinion, the Euro summit won't bring anything helpfull to the eurozone crisis, and any decision taken won't be enough to satisfy investors.
The green pips be with ya all!!