This action might not be possible to undo. Are you sure you want to continue? DJ European Forex T echni cals. Mon Jul 05 Bulls are in control of the near-term after setting a fresh six-week high at 1.
Consolidation is underway to validate the break above 1. The main threat is for renewed bull pressure on the 1. Remains above last week's low at Dominant bears will look to keep Resistance emerged at 1. Undergoes consolidation off the July 1 reaction low at 1. Bears have capped the recovery at 1. However, the main target will be the April 1 higher reaction low at 1.
Extends the strong recovery off the June 29 month low at 0. Last week's bullish reversal doji suggests there is room for the June 17 previous reaction high at 0. Support lies at 0.
The recovery off last week's eight-and-a-half year low at A bull hammer on the weekly chart suggests a basing attempt is underway, although a lot of work needs to be done in order to achieve this, and a sustained break above However, there is risk of consolidation towards The recovery off the July 1 all-time low at 1. However, Friday's bearish doji suggests a fresh wave of bull pressure is require d to force a break above there, opening 1.
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