Just a quick report on account of traveling this Friday.
ES is still struggling to pass 1125. All time frames up to the daily chart are still pushing, so a breakout would unleash substantial energy. The resistance is quite strong though, so there could well be a bit of congestion around current highs.
TF should also get closer to the mid 650s (strong resistance level). A similar breakout situation is quite possible.
EURUSD did not stay convincingly above 1.367 but this remains our test level on longer time frames. On intraday chart, we’ll watch the 1.355 as well as range lows for potential support levels. It is likely that sellers will be exhausted at the end of this congestion period.
( Posted 11PM UK. Will try and update this report around 3PM UK)
