Drop from 1.4845 (bearish Dark Cloud) retested the broken channel off 1.3832 and currently back in the inverted channel off June low (top at 1.4721 today), with 1.4611 being tested (see graph)
Support area at 1.4577/ .4561 (daily Bollinger midline/ reaction low hourly), with next levels at 1.4529 (daily envelope bottom), ahead of 1.4515/ .4502 (medium term reaction lows hourly).
1.4438/ .4411 = break-up hourly/ daily Uptrendline off March low: ideal area to stay above to keep current medium term mood intact on €.
Resistance at 1.4676/ .4680 (daily envelope top + broken daily Medium Term Moving Average↑/ reaction high hourly), with next levels at 1.4712/ .4721 (weekly Bollinger top/ current week high + see above), ahead of 1.4766 (breakdown hourly), where pause favored.
If wrong, next levels at 1.4803 (reaction high hourly), ahead of 1.4845/ .4867 (last week high + Equality C wave off 1.2457/ Sept 2008 spike) and 1.4899 (weekly envelope top): tough on 1st attempts amid bearish divergences.
USD/JPY: (89.90) Retested broken channel top
EUR/GBP: (.9180) New recovery high on move back above channel off .8453
EUR/JPY: (131.53) Reapproached broken channel top
