2007-06-13

Today EUR falled futher more, and made yet another low - 1.3265.

USD raised more against Yenn too.

USD index chart is now surely on the upper boundary (chart from 2 days ago), and need to go down now to 81 level.

Long term picture is unchanged. We are closer to the support (blue line), there are one more support (brown), is sideways from March.2007.

Short term is show below. 8 hours, because 4 hours do not show full move down. The EUR falling from 01.may.2007. Until yesterday, there was good downtrend channel (blue lines). Now the channel is broken from downside. The short pink line shows where estimated is the raising long term support. The brown line show level 1.3200 (sideways from March.2007).

Currently we are on 50% retracement from the top. See fibonachi lines/levels.

I am still bullish on EUR, but we need to see some reversal soon or at least EUR must go back inside its channel. Else the analysis will be invalidated.

1 comment:

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