Price target for the next 6 Months 1.222 with lots of volatility. If the green channel breaks then we see a retest to parity.
Put option in place
A summer correction is under way with "500" points in mind.
The ECB at work
Mini lot traded holding time 1 Year
The ECB want's the Euro to decline to 1.20 (or less) to stay competitive and the British have no choice to walk the same path, hence the correlation of two currencies declining at the same speed and time but in slow motion.
sometimes we miss the big picture….
STPL 13318 , TP 13504
15th April Full Moon Eclips, mini crash imminent
I expect massive sell off for next week….. ;-)
Short still in play, only reversal of break out to 1,388 will set a new trend…..
Williams and Stochastic must move over the 50% line to confirm…..
Wait for retest of down turn to touch major support and then go long.
Close attention to the situation in Ukraine must be paid which could affect price spikes in either direction.
Price target 142330 this Summer STL 133900 (Holding time frame 5 Months) or closed earlier when target gets hit.
Breakdown or Breakout, the million dollar question but this year 2014 will be key to see where it will move.