It would appear that the weekly trend is about to turn up - not there yet but the triangle or flat at the daily pivot suggests the cross will occur and that price vs MMA wave looks bullish to me, although the momentum study is still overbought on a 15 minute timeframe.
Price really needs to make it to Friday's high to consolidate any gains in the 20day cycle, with the FLD sat just above. The target on a 'cut' of the FLD is the distance of the move
to the FLD, mirrored
on the other side. I am expecting a 'cut' and have the target as either 1.3744 or 1.3818, at the conjunction of the 5.625 degree square root progression steps from 1.2041 and the daily bolly upper band. Again, price needs to turn the weekly trend up in the 15minute chart before the 20day can get a look in, but worth reading my weekend review, if you have not already.
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