KrunchieKilleen
Long

EUR/USD slow start to uptrend

FX:EURUSD   Euro Fx/U.S. Dollar
129 4 7
Slow to get started, the trend is nevertheless upwards. Following previous patterns should see target of $1.16 reached in one month.
I think it might overshoot the channel and then reverse and head up, but lower. Might find support at your diagonal trendline that aims lower.
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How right you were! Decline continues despite Greek acceptance. That Resistance Line becomes Support.
+1 Reply
IvanLabrie PRO KrunchieKilleen
Watching to see if it holds.
USDCAD rallied real hard, not sure how long the dollar boost will last though.
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Interesting. It might depend on how the voting goes today in the Greek parliament - whether shoot up from here or drop further first.
+1 Reply
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