Euro / dollar made a downward movement yesterday with a bottom of 1.2297. Signals are down for test support 1.2200 - 1.2175. Intrade resistance is 1.2355. A clear break above this level could take the price to a neutral zone with testing at 1.2400 / 50, but the important resistance remains 1.2537. The main ascending views remain valid, but the pair moves up and down in a 360 pips range over the past 8 weeks and we need a clear break above 1.2537 to restore the bullish trend. On the other hand, a clear break below 1.2175 and the trendline should support the main upward trend.
The dollar / franc had a significant upward momentum yesterday, sliding over the range and hitting 0.9533 earlier this morning. Expectations remain up for testing for 0.9580 - 0.9650. The closest support is at 0.9465. A clear break back below this level may take the price to a neutral trading area, and the direction will become unclear.
The dollar / franc had a bearish momentum yesterday and is now fighting around support at 0.9465. The upside scenario should remain intact at least until we have a convincing break below 0.9465. Views are neutral in short terms. Immediate support is 0.9458 (yesterday's bottom), the breakthrough can cause future downward pressure to test at 0.9420 / 00 or lower. Intrade resistance is 0.9510. A clear break above this level may lead to an upward pressure on the testing of 0.9580 - 0.9650.
The dollar / franc was hesitant yesterday. Expectations remain downward in the near future for testing the lower boundary of the upward channel and support 0.9420. A clear breakthrough and daily closure under the bullish channel will take the price down for re-testing at 0.9250. The closest resistance is at 0.9480, whose breakthrough will take the price to a neutral zone, but will keep the upward phase in effect for testing at 0.9580 - 0.9650.
The dollar / franc was indecisive yesterday, but still makes lower tops and bottoms on daily chart after sampled below the upward channel. Expectations are downward in short terms for testing 0.9400. The first resistance is at 0.9488, whose breakthrough can take the price to a neutral trading area, and the direction will become obscure. Downwards, a clear break and daily closure below 0.9400 will clear the path to 0.9350 or lower. Basically, I remain neutral.
The dollar/franc made a move up last week with a peak of 0.9648, but closed a little lower at 0.9590. The price moves back inside the upward wedge, suggesting a potential false breakthrough that should keep the bearish scenario in place. The signals are neutral in the near future. Key support is now visible at 0.9520. A clear break and daily closure below it will confirm the bearish scenario for the 0.9400 test. On the upside, 0.9650 remains an important resistance, whose breakthrough can cancel the ascending wedge scenario and turn short-term signals into ascending.
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