Euro/Dollaro sale sopra 1,385 e allunga il passo. Prossima fermata 1,42.  |
| (click to enlarge) |
When updating the situation on the euro / dollar, which has passed force strength static quota 1.385, a level beyond which we expect further appreciation of the cross to the area 1,42 / 1.425. We can see how bullish the last leg of the short and in line with the evolving parabolic assumed in the recent analysis. The signal now would be denied only with the return under 1.375. We pay much attention to the test of the 1.42 / 425 because, as can be seen from the weekly chart, it represents the upper part of a broader trend in moderately bearish note from the maxima of July 2008. The breakout of 1.425 could mark the beginning of a new medium-term trend for the euro, which would first target the 1.50 area, but this scenario is still premature.
When updating the situation on the euro / dollar, which has passed force strength static quota 1.385, a level beyond which we expect further appreciation of the cross to the area 1,42 / 1.425. We can see how bullish the last leg of the short and in line with the evolving parabolic assumed in the recent analysis. The signal now would be denied only with the return under 1.375. We pay much attention to the test of the 1.42 / 425 because, as can be seen from the weekly chart, it represents the upper part of a broader trend in moderately bearish note from the maxima of July 2008. The breakout of 1.425 could mark the beginning of a new medium-term trend for the euro, which would first target the 1.50 area, but this scenario is still premature. 
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