I have seen countless charts for the Euro
that are typical to the yellow one I drew - they all hit somewhere at 1.05. If you trade using trendlines
or incorporate them in your analysis, then you have be as objective as possible with them. The only way we could really be objective about trendlines
is by perfectly lining up price points. Using that logic, here is where the Euro
stands with regard to the monthly trendline from early 2000/2001.
Short @ 1.11
Stop @ 1.12
Target - small time frame determined