€ / $: higher?

Long term: above MM at the close?

On a yearly basis, TAM tools are without NEI / PEI.

On a quarterly basis, a bearish no-crossover is in progress for our moving averages. Our stochastic could be oversold. MQ is a strong resistance.

On a monthly basis, the UM / LM spread is above a reference one. Stochastic and MACD are oversold and M23 will continue to decline.

Idea: above MQ, PQ will be our main objective

Bet: with a close above MM, the rise in progress will continue for several months.

R= MM (1.3243), MQ (1.371), PQ (1.4374);    S= MW (1.2996).

Medium term: trading range

On a weekly basis, a bullish no-crossover is in progress with our moving averages and with our MACD.

Idea: MACD is our leading indicator

Bet: not bearish as long as MW= support.

R = 1.3404 (current high);     S = MW (1.2998).

Short term: recovery

On a daily basis, a bullish no-crossover could be the status for our stochastic and MACD. With this hypothesis, a bull trend will develop.

Idea: MACD is our leading indicator

Bet: towards LD if MD fails as a support.

R = UD (1.3372);        S = MACD overbought, MD (1.3199), LD (1.3026).

Conclusion: higher for several months with a monthly close above MM.

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