2013 Wedge breakout, MACD ( weekly turning short )
cleared 100 sma and 200 sma.
With potential ECB action on lowering interest rates(negative),
long term refinancing operations and relative US growth > EU, plus the recent Eurosceptics election outcome.
Targets :
1.3475 3/2/14 low. ( CRITICAL Support 2012 uptrend
line(red), horizontal confluence - time 27/6 )
1.3294 7/11/13 low.
1.31046 6/9/13 low.
potential 1.275 9/7/13 low.
Stop : 1.3740. (100 sma should act as resistance.)
cleared 100 sma and 200 sma.
With potential ECB action on lowering interest rates(negative),
long term refinancing operations and relative US growth > EU, plus the recent Eurosceptics election outcome.
Targets :
1.3475 3/2/14 low. ( CRITICAL Support 2012 uptrend
line(red), horizontal confluence - time 27/6 )
1.3294 7/11/13 low.
1.31046 6/9/13 low.
potential 1.275 9/7/13 low.
Stop : 1.3740. (100 sma should act as resistance.)
