€ / $: close short position above PW

Long term: flat

On a yearly basis, Bollinger bands spread is not minimal. Our 7 / 23 years moving averages are slightly bullish. Stochastic is overbought. UY is our main resistance and MY is our main support.

On a quarterly basis, Bollinger spread is a reference one and UQ / LQ spread is expending. A bearish no-crossover is the status for our MACD. LQ is our first objective.

On a monthly basis, the UM / LM spread is above a reference one. TAM tools are neutral. LM is our main support and MM is our main resistance.

Idea: recovery above MM

Bet: next status for our monthly stochastic will give the long term trend.

R= MM (1.3659), MQ (1.3952);    S= LM (1.2587)

Medium term: rise above PW

On a weekly basis, our stochastic and MACD are oversold. Above PW, UW could be an objective.

Idea: the recovery in progress could continue for three weeks

Bet: higher.

R = PW (1.3486), MM (1.3659), MQ (1.3952), UW (1.4011);     S = MW (1.3304)

Short term: higher

On a daily basis, no PEI is in progress with TAM tools.

Idea: rise as long as our MACD is not overbought

Bet: PW could be a strong resistance.

R = PW (1.3486);   S = MD (1.324).

Conclusion: higher for some weeks if PW fails as a resistance.

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