New recovery high above channel off 1.3832 (see graph): has met 1st target daily Double Bottom of f 1.3749 at 1.4593 and approaching 1.4623 (61.8% 1.6040 to 1.2331).
Support area at 1.4570 (reaction low hourly), with next levels at 1.4549 (daily envelope bottom), ahead of 1.4510/ .4502 (daily Short Term Moving Average↑/ reaction low hourly): ideal area to stay above to keep current short term mood intact on €.
Resistance at 1.4619/ .4623 (today’s + current week hig?h/ see above), with next levels at 1.4643 (inverted daily channel top off 1.3748), ahead of 1.4677/ .4680 (broken weekly Uptrendline off March low / daily envelope top), where pause favored.
If wrong, next levels at 1.4719/ .4739 (broken weekly Uptrendline off 2002 + Dec 18 2008 high + daily Starc top + neckline of massive daily Double Bottom/ broken monthly Uptrendline off Feb 2002 low): tough on 1st attempts, amid overbought readings and threat of bearish divergences.
USD/JPY: (91.25) Retesting the broken channel top off 97.79
EUR/GBP: (.8746) Retested channel top off .8458
EUR/JPY: (133.43) Currently above channel off 138.72
