EUR/USD: (1.3367) In channel off 1.4248


Pair back below 1.3653 (see graph: neckline Head&Shoulders Top) and in channel off 1.4248. Support at 1.3339/.3320 (today’s low?/current reaction low off 1.4248), with next levels at 1.3298 (daily modified Alpha Beta trend bottom), where pause favored. Failure to hold would see next levels at 1.3255/.3252 (daily Bollinger bottom + daily envelope bottom/ weekly envelope bottom), ahead of 1.3240 (daily projection band bottom): tough on 1st attempts. Resistance at 1.3405/.3413 (daily envelope

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EUR/USD: (1.3367) In channel off 1.4248


Pair back below 1.3653 (see graph: neckline Head&Shoulders Top) and in channel off 1.4248. Support at 1.3339/.3320 (today’s low?/current reaction low off 1.4248), with next levels at 1.3298 (daily modified Alpha Beta trend bottom), where pause favored. Failure to hold would see next levels at 1.3255/.3252 (daily Bollinger bottom + daily envelope bottom/ weekly envelope bottom), ahead of 1.3240 (daily projection band bottom): tough on 1st attempts. Resistance at 1.3405/.3413 (daily envelope

Comments are closed.