Euro dollar Analysis: weekly update

In weekly signal of 17.10.14, the euro has broken upward with a top at 1.2884.

The new positivity trend  will has first obstacles to 1.2940 and 1.3060.

Analysis  with the Gann’s Theory:

In doubles Set Up weekly of 17:10:14, the euro has broken to the upside, and finished the week with a top at 1.2884 and closing at 1.2761.

The euro has confirmed a bullish short pull back, which will have ‘the first resistance in the angle zero dynamics on area at 1.2940, that the excess negativity’ had previously broken to the downside.

More dynamic resistances 2X1 are in area 1.3060 and static in 1.2990 .

The break out of 1.2598 would negate the bullish trend with the first support angle on 1.2450

Massetti Francesco

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FRANCESCO MASSETTI