Testing daily trendline

Testing .7000, a pivotal level, which if broken opens the door to .7068, the AT target and level that needs to be broken to put the nail in the coffin of the downtrend.

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NAS100 tested stubborn 29853 resistance again, holding so far and remains the obstacle to 30K‘

Needs to hold 29538 holding (on this CFD chart) to keep risk pointed at the high.

Post-PPI spike tested, held 7582 resistance.

Now dependent on 7539 holding (on this CFD chart) to keep momentum pointed up at the high.

Major downtrend

4^th weekly drop triggered by the break of .8596 has EURGBP aiming for pivotal .8500 (needs to hold to check the downside) with a void of support until .8355.

Expect choppy trade while within 4000-4100 with key levels outside of it at 3983-4103 as that is where stops likely lying.

Within 4000-4100, the 4050 level is likely to be pivotal in setting its trading tone (currently below it).

Performing like a textbook according to my logic:

Break of 12-day pivot (last Friday) sent a bearish directional signal

While technically in a daily uptrend, it would need to take out 1.3461 to confirm. High over this period has been 1.3452 with a lower high yesterday at 1.3442.

For the lower high to be anything but a pause, 1.3322 would need to be broken.

Nothing to get excited about.

EURUSD downtrend in a nearly 2-week consolidation between 1.1361-1.1462 (top end tested again yesterday) with the broader range at 1.1324-1.1473 (where there would be key stops), rewarding range traders at the expense of those hoping for breakouts.

Trying to build up momentum where a break of 65543 is still needed to fully negate a downside risk and shift the risk to 67+

Otherwise, range is still 61-65K