![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjRdfo49jXxhTw3BODmF41whOkqFvUY7z6pjKtlG_Ofcxgy3CGafG8yNQ_Oeb9oeVax8p3i7rwvWO6i7JCPNRKIHViYnHtZ43ibAVvuwjJti8z7Q5sOsTedHVw8MM3Bk6idL_SQLABABC13/s400/image003.gif)
With a slight new high in Europe trading hours the final rally hasn't found it's final peak just yet, but we are very very close to the top, if not already in.
I do see the possibility for one final move higher close to my ultimate resistance at 146.95 as long as 145.44 is not broken. A break below 145.44 would be first indication that the top is in place, while a break below 144.92 will confirm the top.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihvFU0MmIv-LRLyAKZsRnF7zYkCp8mxLRRTXGMRpc6tU4KtOYhzWj6gJHcRDp_grKVSPZ-n2Q0-onRW72iGA-hAyCoWVg2OwWn1D4ybVJ0fgGDGJfDcjmDH0Ndf0ucyF1ZdMTLk_QZ6TO5/s400/image002.gif)
Looking at USD-index we can see that the final decline from 81.44 has become a ending diagonal. We have seen a throwover, which is normally an ending sign of the formation. I wil not excluse one more new low in the 73.36 - 73.58 area, but again we should be very very close to the final bottom.
No comments:
Post a Comment