On the daily chart, we are working on the EMA 200, we have problems to hurdle 108.30-50 and we have problems to go under 107.50.
We tried two times to break 108.30 so EMA 200 is protecting the downside trend.
We are working above the cloud, the Kijun and Tenkan Sen have already crossed to the upside, but the span is trying to work under the rates.
MACD, and RSI are above their neutral levels but they are close from them.
When we are watching at weekly chart, we have the EMA 50 which is playing the same character than EMA 200 on daily chart and trend remains strongly bearish.
If we reach 106.60 the bearish view will be bolster, in the other case a breaking of 108.30 will bolster the upside trend.
We are currently short since august @ 107.36 with taget as 105.00 b
Be short @105.30 with SL at 106.57, 100.00 as target
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