EUR/USD slow start to uptrend

FX:EURUSD   Euro / U.S. Dollar
129 4
Slow to get started, the trend is nevertheless upwards. Following previous patterns should see target of $1.16 reached in one month.
Interesting. It might depend on how the voting goes today in the Greek parliament - whether shoot up from here or drop further first.
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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.
How right you were! Decline continues despite Greek acceptance. That Resistance Line becomes Support.
+1 Reply
IvanLabrie 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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