By: Doug Rosen
On the daily chart we find the Swissy just below resistance levels. Price is seated just under the 5, 13 and 21 ema's.
Moving over to the 4 hour chart we are getting an ema crossover of the 5 crossing below the 21 and 233 forcing price downward. Price is currently under the monthly central pivot point at 0.8810 and the monthly M2 is at 0.8650.
Moving on to the hourly timeframe price is also underneath the ema's and looking bearish. Price recently bounced down off the weekly R1 overlapped with the 144 ema and the next weekly pivot level below is the M3 at 0.8748.
Finally, on the 15 minute timeframe price is below the 55 ema as well as the central daily pivot point and I would maintain my bias as bearish.
