Kumowizard

EURUSD - Major trend is bearish, but we may see better entry lvl

FX:EURUSD   Euro / Dollar AS
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Daily Ichimoku setup: Bearish. But MACD and Slow Stoch suggest that short term bearish momentum may weaken further. If you look at 4 Hrs time frame, and at Heiken Ashi setup, you can see there is even a chance for a counter trend to unfold. Price trades above 100 WMA and at/above 4 Hrs Kumo. However I would not go long, since the higher time frame is really strategic bearish. I will rather look for momentum indicators sell signal in case it retraces back to ard 1,3700.

Major support range is at daily Kumo, and at previous Chikou Span peaks/bottoms: 1,3680-1,3725

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