The strategic direction remains bearish, but there are multiple signals which indicates we may see some pull back from these levels.
Daily: ADX topish, turning down a bit, while DMI lines started to converge. MACD and Slow Stoch turning bullish together. These indicators gove a good chance for a pull back, maybe to ard 1,6750-1,6800.
4 Hrs: Weak Tenkan/Kijun bullish cross. Some small double bottom followed by consolidation. This will likely continue for some more time, counter trend can start only with a break above 1,6650.
Daily: ADX topish, turning down a bit, while DMI lines started to converge. MACD and Slow Stoch turning bullish together. These indicators gove a good chance for a pull back, maybe to ard 1,6750-1,6800.
4 Hrs: Weak Tenkan/Kijun bullish cross. Some small double bottom followed by consolidation. This will likely continue for some more time, counter trend can start only with a break above 1,6650.