Please refer daily EUR/USD charts for the following.
ADX : EUR/USD daily +DI moved over the -DI line but very weakly. ADX is dropping and is much below 25 to indicate a lack of any trend.(approx. 14.20).
2) MACD : EUR/USD daily MACD line moved below the signal but very weakly. The weekly MACD lines is below the signal line but is running flat.
3) EUR/USD >Ichimoku Cloud: Tenkan line moved below Kijun line to give a weak bearish signal as the crossover took place near the upper edge of the cloud (within the cloud). The price action has been finding resistance near the upper edge of the daily cloud.
Go to >EUR/USD Weekly Outlook.
Go to >EUR/USD Fundamental Outlook.
Go to >EUR/USD Daily Analysis.
Visit >Forex Technical Analysis page.
