Implications and Outlook
1. The Euro Dollar following a 'Dead Cat Bounce' from Key Support 1.15390 is in a no man's land mode.
2. The rebound momentum is in the process of creating Mean Resistance 1.17030 which will indicate further sentiment movement.
3. The violation of the intermediate-term Key Support 1.15390 will undoubtedly bring a lot more severe of the intermediate/long-term bearish implications moving to the outer Currency Dip 1.14030.
4. Current Currency Strategy Bias: Bearish 60 / Bullish 40
1. The Euro Dollar following a 'Dead Cat Bounce' from Key Support 1.15390 is in a no man's land mode.
2. The rebound momentum is in the process of creating Mean Resistance 1.17030 which will indicate further sentiment movement.
3. The violation of the intermediate-term Key Support 1.15390 will undoubtedly bring a lot more severe of the intermediate/long-term bearish implications moving to the outer Currency Dip 1.14030.
4. Current Currency Strategy Bias: Bearish 60 / Bullish 40