FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows 
Bitcoin's Tug-of-War: Bulls Eye 80,000 USD Despite Turbulent ETF Outflows 
Aussie Ascent: AUDJPY Charges Toward 112 as Bullish Momentum Hits Five-Day High 
FxWirePro- Major European Indices 
FxWirePro: GBP/NZD reverses course, bias back to downside 
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus 
FxWirePro- Major Pair levels and bias summary 
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel 
Euro Ascendant: EUR/USD Breaks $1.17 as Geopolitical Relief Sparks a Bullish Surge 
FxWirePro: USD/JPY edges up as yen dips after soft household spending data 
Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw 
Pound Sterling Power: GBP/JPY Secures Third Day of Gains as Global Risk Tensions Recede 
Ethereum Braces for Volatility: Technicals Turn Bearish as Geopolitical Tensions Loom 
FxWirePro: AUD/USD spikes as Trump announces two-week Iran ceasefire 
EUR/JPY Breaks Out: Euro Surges Past 185.00 Resistance Amid Strong Bullish Momentum 
FxWirePro:NZD/USD jumps as RBNZ warns of higher OCR potential 
NZDJPY Bearish Breakdown: Why Selling the Rallies is the Strategic Play 
The hammer pattern occurred at 1.0599 levels and evidences price spikes above 7DMAs but restrain below 21DMA, bearish DMA crossover to bring in more slumps (daily charts).
Bull swings (during January month) have now been struggling for momentum at the resistance of 7EMA and exhausted to slide below 7EMA again, dips up to channel support most likely.
As the interim bulls seem to have exhausted at 7-EMA, we call for more slumps rather than bulls extending rallies up to channel resistance.
EURUSD major trend has been sliding through sloping channel (monthly terms). While last two days’ price upswings ever since bulls took support at 1.0513 levels have now begun losing traction (see daily charts).
Although EURUSD spiked from channel support, it has been struggling to bounce further above 21SMA levels on monthly; as a result, we’ve seen shooting star and doji pattern candles are occurred at 1.1088 and 1.1157 levels where stiff channel resistance is observed repetitively.
The shooting star pattern even on daily plotting evidences price dips below DMAs.
To substantiate this bearish stance, 21DMA crosses over 7DMA which is a bearish DMA crossover to bring in more slumps.
RSI on both daily as well as monthly terms indicates convincing strength in declining trend downward with its convergence to the prevailing price declines.
While stochastic curves have been indecisive but bearish bias at oversold zone (on both dailies and monthly terms).
MACD’s indicates indecisiveness on monthly terms but remains bearish biased.
It is wise to snap rallies to deploy fresh shorts as you see no traces of indications of the robust uptrend for now, instead trace out selling momentum on shorter term charts.
Trade tips:
Well, contemplating above technical reasoning, on speculative grounds we advise tunnel spreads which are binary forms of the bear put spreads.
At spot reference: 1.0641, this strategy is likely to fetch leveraged yields than spot FX and certain yields keeping upper strikes at 1.0676 (around 30-40 pips) and lower strikes at 1.0599 levels (around 40 pips on southwards).
