Friday, 15 January 2016
EUR/USD to rise more steeply
By previous long-term patterns, the green dotted line seems to be predictive of the upslope of the Euro against the US Dollar in the coming year. Having hit a peak on 9 Dec 2015, the security has been gently sloping downwards towards this Support Line. However, it has raised its bottom and appears to be unwilling any longer to be constricted by the top of the green triangle, indicating that it may, for the next few weeks or months, be inclined to stay within the purple-shaded channel.