2007-06-21

Daily chart - triangle is almost complete. As seen on 8 hours chart, target is ~1.3490 in order to go to upper boundary.

If the triangle get broken, an explosive rally will lead to 1.3650 at first time, and then to 1.38 or even stellar 1.40

8 hours chart - we are inside the channel again. The upper boundary of the channel is the boundary of the triangle too. Since boundary declining, we are getting closer any day. Reward will come soon :-)


Delta Stock who are my broker, and I respect their opinion thinks a fall to 1.3220 will happen. I can not see this scenario. The maximum fall I see is ~1.33, but I do not think this will happen.

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