New high above inverted channel off 1.4015 (see graph) on China comments.
1st Support area at 1.4607 (broken daily envelope top), with next levels at 1.4560/ .56 (Short Term break-up hourly/ today’s low?), ahead of 1.4518/ .13 (daily Short Term Moving Average↑/ daily envelope bottom): ideal area to stay above to keep current Short Term mood intact on €..
1.4374 = daily channel bottom off 1.3358: failure to hold would increase risk of larger correction of recent € gains.
Resistance at 1.4663 (today’s + new high? + daily projection band top), with next levels at 1.4688/ .4691 (daily channel top off 1.3358/ daily Starc top): expected hard to sustain through on 1st attempts.
If wrong, next levels at 1.4733 (weekly Starc top), ahead of 1.4773 (Long Term daily channel top off July 2001), where downwards reaction favored.
USD/JPY: Below Daily channel off 111.60
EUR/GBP: (.6990) Broadening pattern off .7007
EUR/JPY: (166.80) Has met 2nd target of Double Bottom from 164.00
