€ / $ focus on type I or II

Long term: higher

On a yearly basis, Bollinger band spread is not minimal but is increasing. A bullish A type crossover is in progress with our 7 / 23 years moving averages. A PEI could be in progress with our stochastic and MACD. UY is our first target.

On a quarterly basis, Bollinger spread is a reference one. For our 7 / 23 quarters moving averages, a PEI is not ruled out.

 On a monthly basis, the UM / LM spread is near from its maximal level but an increase is not ruled out. A PEI is in progress with our stochastic and MACD. A bullish A type crossover is in progress. UM is our first target.

Idea: towards UQ

Bet: on a monthly basis, a new maximal spread is not ruled out.

R = UQ (1.5508), 1.6038 (HH);    S= MM (1.3667)

 

Medium term: bullish parallel

On a weekly basis, a type I is in progress.

Idea: use bullish parallel rules

Bet: very bullish above 1.494 (02/05 high).

R = 1.494, UM (1.5104);     S = MW (1.4132)

  

Short term: bullish?

On a daily basis, a type I or II could develop.

Idea: for type II, wait new high (Vs yesterday)

Bet: bullish above PW (1.4796)

R = PW (1.4796);   S = MD (1.4304)

 

Conclusion: Hold on long position (weekly).

 

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