New year high, with move above 1.3317 (monthly Downtrendline off 1992 on synthetic charts) and above 1.3471 (LT daily Downtrenline off 1992 on same charts).
Above LT channel top off 1.2877 (see graph).
1st Support area at 1.3585/ .3580 (daily Short Term Moving Average↑/ daily envelope), with next levels at 1.3557/ .55 (Short Term lows hourly), ahead of 1.3533/ .3520 (daily projection band bottom/ current week low).). 1.3486/ .71 (daily Medium Term Moving Average↑/ see above): ideal area to stay above to keep current positive Short Term mood intact and buy on dips strategy on €.
Resistance area at 1.3629 (new year high), with next levels at 1.3639/ .3646 (daily Bollinger top/ daily envelope), ahead of 1.3667/ .3680 (2004 high/ daily projection band top), where pause favored, amid overextended readings.
For in-depth insight on other currency pairs download PDF below:
- USD/JPY: (118.65): Trying to regain the channel off 115.16
- EUR/GBP: (.6798)
- EUR/JPY: (161.53) Drop from 162.43 tested Uptrendline off 150.74
