15th June 2018 - Close to breakdown, watch the Dollar Euro
18 June 2018
TECHNICALS:
WEEKLY CHART
The failure of the Euro to break up
against the Dollar is clear:
Note the wide band of horizontal
resistances from the succession of
Prior Lows above the market
The market has been repulsed.
It never even tested the long-run
diagonal resistance above the market
at 1.25 or so.
DAILY CHART
Note this critical test: the band of
support from Prior Highs between
1.1614 and 1.1711 is being tested.
The confirming move will be a
weekly close beneath 1.1552…
Watch that closely.
DAILY CHART
The bears like this structure too – the
failure of the market to break up
through the resistance from the low
at 1.1821 suggests a clear bear
trend.
The confirming short-term close is a
daily close beneath 1.1506.
NO FUNDAMENTAL ANALYSIS - JOHN LEWIS IS ON HOLIDAY
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