€ /$: could dive

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 first support.

On a quarterly basis, Bollinger bands spread is a reference one. 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 will continue to decline. LM is our first target.

Idea: lower

Bet: towards LM.

R= MM (1.3596);    S= LM (1.2337), MY (1.2132)

Medium term: lower but not bearish

On a weekly basis, a PEI is in progress with our moving averages.

Idea: a PEI could develop with our stochastic and MACD

Bet: lower as long as our MACD is not oversold.

R = MW (1.3495);     S = LM (1.2337)

Short term: bearish parallels pattern

On a daily basis, a type III is in progress.

Idea: use bearish parallels rules.

Bet: € could dive.

R = MD (1.2954);   S = 1.2666 (current low), LM (1.2337)

Conclusion: lower.

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