Disliked{quote} [...] However- out of curiosity why would you say bearish weekly close?Ignored
1. Selling pressure was there this week (the long lower shadow). Sellers pushed price to the closest support @ 1.115x
2. The failure to break this support was not a surprised. Buyers are defending this area like the past few weeks until further data (ie. NFP) before giving up (or not). And Sellers know that.
3. Buyers then took the hand (no interest for Sellers to defend this area or to try to break out right now (cf. 2)) and drove the price higher by the finish (helped by some profit taking from intraweek Sellers). But the tiny body and the closing level right on a resistance induces (to my eyes) that Sellers were in full control and were handling this bounce as they wished. (Sorry for the poor english)