We only saw a minor set-back towards 133.44, before the next leg higher. What looked like a possible flat correction has clearly been proven wrong. Instead it looks like a rising diagonal of some kind. It hasn't altered my target, which still is around 136.93, where strong short term resistance will be found.The "Hidden divergence has become even more evident after the last part of the rally and we are clearly in overbought territory, therefore expect resistance near 137 to turn down the EUR.
No comments:
Post a Comment