EUR/USD - short support and resistance update

Currently, there are two channels EUR/USD is in.

First, is short term channel. Accordung to it, the EUR falling since the top in DEC.2006 Currently, we are at the very top of the channel. I believe the channel will NOT be broken today.

Second we have major support, as there is a long term bullish channel since SEP.2006 or so. Because the EUR/USD is far from the bottom line, I think, the EUR/USD will fall today or tomorrow to at least 1.3020.

Currently I have small order that actualy shorts the EUR, I do not recommend this to anyone, but if you want to do so, I will recommend to keep STOP order very close by, because if the resistance is broken, then fo sure we will have big advance, at least to 1.3280 (JAN.2007 top).