on major support line, look closely to 1.59200 area. bounce expected.
two scenario on the up trend. should finish in Mid-May Just the same as FED increase interest rate... Then next leg down will be Sep FED increase interest rate... Lovely plan..
potential bearish pattern developing... we will see next week.
I would expect the up and down for EU in FEB, since several aspects in FEB. the SP500 hitting trend top, and UJ hit major resistant zone. + DXY in 101 resistant zone. + we see clear divergence of MACD vs price decline. expect to see DXY down to 100.4 zone again (that would suggest EU up to 1.06900-1.0700 area), then test 98.8 again (that would suggest EU top...
BAR now is out of trend channel (from 2016-02-08 low - 2016-06-27 low) will this go further without bound to channel? doubt it... even with bias of tax reform or whatsoever, you never know if T-president can what type of chaos to the world....
SP500 hit the long term trendline top, and almost reach the 1.618 of great recession from 2015, it is good RR to go short on current price (or place sell limit order on 2320, and TP1 2265, TP2 2223, And Feb. always not so good for the SP500 in history after election, so it would be very interesting to see SP500 behavior, even with tax talk. maybe buy rumor sell...
from lvl 1.2260 retrace to 786 , finish the bullish pattern, should reverse up, lets see the price actionn. target 1.25300 area.
Down trend but now it hits bottom...going to 112.7
a well defined uptrend channel and hold in the middle. breakout of previous downtrend trendline and also above WEEKLY SMA-20, slightly lower than Day SMA-120. looking forward to TP1 = 1.27588, TP2 ~= 1.30000 - 1.30650 (ULTIMATELY) Very good entry can be 1.23315, but I dont think it would fall that far, more like entry price around 1.24900. So generally speaking,...
114.000 is the long term 236, while 114640 is the short term 236, interesting to see if 113.8 break. target 112.000, or back to 118.8