New recovery high above channel off 1.3832 (see graph), but with bearish Dark Cloud: currently toying back with the inverted channel top off June low (1.4713 today) and 1.4719 (Dec 18 2008 high + neckline of massive daily Double Bottom).
Support area at 1.4611/ .4606 (current week low + see graph/ daily envelope bottom), with next level at 1.4595/ .4583 (weekly envelope bottom/ 23.6% June low to1.4845 + daily projection band bottom ): ideal area to stay above to keep current short term mood on €.
1.4438 = break-up hourly: ideal area to stay above to keep current medium term mood intact on €.
Resistance at 1.4713/ .4715 (see above/ daily Short Term Moving Average↓), with next levels at 1.4736 (daily envelope top) and 1.4766 (breakdown hourly), where pause favored.
If wrong, next levels at 1.4803 (reaction high hourly), ahead of 1.4845/ .4867 (current week high + Equality C wave off 1.2457/ Sept 2008 spike + weekly envelope top): tough on 1st attempts, amid overbought readings and threat of bearish divergences in the making.
USD/JPY: (90.73) New reaction low scored, but still above the channel off 97.79
EUR/GBP: (.9180) New recovery high on move back above channel off .8453
EUR/JPY: (133.27) Has met targets off 134.09
