Eur/usd
 

1.3367. EUR’s moves are proceeding along expected lines & it should aim for levels near 1.3415 or 1.3460. Supports are at 1.3330 & 1.3300.

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06/12/04

Upward trend
Back-to-back outside candles on the daily chart, but in all the upward trend continue. Continuing higher targets 1.39, but the advanced pace is vulnerable to a correction at some point.

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04/12/07

Upward trend at an Advanced pace

Pressing the limits of how far and how fast as E/$ breaks above it's funnel on the hourly chart. The textbook scenario is for a security to break lower out of an upward funnel. Corrective supports expected at 1.3322 and 1.3110. Continuing higher targets 1.39

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04/12/08

Upward trend at an Advanced pace
Gains have slowed, but Euro/$ has still not corrected. The high thus far has been 1.3470 but E/$ needs a close in the upcoming days above 1.35 to continue the immediate upward move. A correction expects support at 1.3335 & 1.3120.

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04/12/09

Upward channels under pressure

The upward channels acted as support on Wed. The hourly channel enters at 1.3260, but the daily channel doesn't enter until 1.32. Fibonacci retracements of 38.2% & 61.8% would eye 1.2554 & 1.2904.

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04/12/10

Upward channels under pressure

The correction is now gaining legs as it breaks below it's upward channels on both the daily and hourly charts. Now pressing it's upward trendline on the weekly, a full correction could potentially target the channel bottom on the weekly chart at 1.25.

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04/12/13

Upward channels under pressure

Expected to open today below it's upward trendlines which should continue the corrective move in E/$ this week. A full correction could potentially target the channel bottom on the weekly chart at 1.25.


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04/12/15

Upward channel under pressure

Still facing inclining resistance on the hourly chart ahead of 1.3350. The daily chart shows the upward channel that remains in place.

A move above 1.35 would expect the upward move to continue, but failure to continue higher expects the correction to develop further

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04/12/16

Upward channel under pressure

The daily channel has held thus far, a close above 1.35 is needed to continue the upward move (to 1.39). Failure to do so would expect a correction to develop. Initial support exp. at 1.3110.

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04/12/17

The weekly shows the near vertical upward trendline that may be broken today. Support expected at 1.3110 initially before a further correction to 1.25 would occur.


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