35+ Years Channel Still Intact

FX_IDC:EURUSD   Euro / U.S. Dollar
2549 19 72
35+ years channel still intact. The lower channel did hold, amazing. But price still stuck in weekly range, now it should challenge last highs around 1.15. Notice that there is the highest monthly close in a year. Is a new bull cycle starting right under our noses?
Comment: The most nice thing about this channel is the proof of how technical analysis can and do work for long term studies.
Comment: Daily range analysis:

Comment: Breaking range boundary!

Nice alternative
The euro came into existence on 1 January 1999 . How is it that you have a chart dating from 1978? Please help me understand
Hi, before it came in cash it was an electronic currency.
A great reminder
seems moving towards a new high. If the price crosses the 1.16 then the next high will most likely be 1.22.
Piet.Hein modulus
great analysis, I agree with you
+1 Reply
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