Tuesday’s upside rejection was mirrored by yesterday's downside failure. The net result was only minimal net movement for a 3rd day in a row. This lack of clear signals for sentiment comes against a background of a still positive Keltner channel though and it is that factor, despite minor Asian losses, that keeps our signals for sentiment positive.
Setbacks should find buyers near .8560 with upside potential to .8593, .8611 or even .8632.
Only below .8534 is negative though.