Looking at the daily chart..
Lots of support at 1525, so only a significant close BELOW that level would turn the chart bearish..
Many looking at 1540 level as key, so a break there MAY see quick sell..but 1525 looks stronger.
If we break higher out of the large wedge..eventual target would be close to 2000 USD
IF we break 1525 where could it go?
Previous resistance was 1438 in 2011 and once it broke there 1476 was support on the pullback, so a range of 1438 to 1476 could be possible
Technical analysis of Major Markets, F/X, and anything that can be traded This is my diary for trading Views expressed in this are only for educational purposes. They ARE NOT recommendations to BUY or SELL anything!! ALL comments and criticisms welcome.
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