After the really long weekend (4 days), dedicated to 24 May - the day of St.St.Cyril and Methodii who "invented" the Cyrillic alphabet, we are going back to EUR/USD weekly view.

First we will see 1 day chart of EUR/USD. We have brown long term support line. It go back to SEP.2006, which is not shown on the chart. We have blue resistance line, which forming a triangle. We are about to the bottom of the triangle, so generaly EUR must go up. Pink lines shows a down channel of EUR/USD where price currently it.

Here we are the 4 hour chart of EUR/USD. We have 2 downtrend channels here. Brown - this is formed of upper boundary of the triangle (blue from 1 h chart). The other downtrend is blue lines (pink lines on 1 h chart). There also seems to be support at 1.3410.

What is missing is the long term support from 1 day chart. The support is there, so we may expect another (or two) pullbacks to 1.3410 or 1.3400, and then the EUR will raise to at least to upper boundary of the triangle - 1.3560.

Now, our favorite USD index chart with the support and resistance that show something like wedge. We are not yet on the top. So there may be some more raise of USD index.

Next - Gold (measured in USD). We are on the support line. Gold could bounce from here (I believe so), or fall down to next support. We will see.

Finaly USD/CAD. USD falling in perfect channel.

Thats all for now, happy week and happy trade!