EUR / GPB: higher
Long term: towards UM or higher
On a yearly basis, Bollinger band spread is not minimal but is increasing. A bullish no-crossover is in progress with our stochastic and MACD. UY is our first target.
On a quarterly basis, a bullish parallel is in progress (type I)
On a monthly basis, the UM / LM spread is flat and far away from its minimal level. A bullish no-crossover is in progress with our stochastic. UM is our first resistance.
Idea: towards UM
Bet: UM as a target as long as our stochastic is not overbought.
R = UM (.9129), UQ (.9851); S= MM (.8663)
Medium: higher
On a weekly basis, a PEI is in progress with our moving averages.
Idea: above UW, UM is our next target
Bet: rise.
R = UW (.9021); S = MW (.8752)
Short term: higher
On a daily basis, a PEI is in progress with our moving averages.
Idea: rise as long as our MACD is not overbought
Bet: towards UM or above.
R = UM (.9129); S = MD (.8874)
Conclusion: higher.

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