EUR/$

Taking a look at this week, we see that Euro on a daily has made a nice confirmation that it is out of the large range which kept it contained since November of 2007:

Keep an eye out for a retracement in Euros. Next level is ~1.5060 and then 1.5000:

Euro reaching levels which we have been eyeing for the last couple of days:

Euro continuing its bid tone on a 4 hr after the IFO news out earlier this evening:

Euro daily a little congested with a very long term battle underway. Stochs here are looking a little weak like it needs a breather before attacking the 1.5000 handle. Moreover, the surprising bid strength in $/JPY shows that $ sellers may pause, at least momentarily:

Euro has been quite strong since the end of the 1st week of February on a 4 hr though it's still unclear either technically or fundamentally as to whether it will take out the 1.5000 level:

Euro here @ some 50% fib resistance. It has had a very steady bid tone to it since ~7 Feb. Whether it can continue this trend that it is in really depends on higher levels such as the 61.8% fib level of 1.4750. If it's bid above there, we could see some interest again towards its 1.5000 handle where we've had difficulty in the past:

Euro fulfilled our topside target of 1.4700 today (see post 02 15 08, 6.46 am EST):

Euro reaching its 38.2% retracement level (~1.4630). If it is paid convincingly above this price, we could see a target of 1.4700, as stochastics are still positively converged. Should it get offered around the retracement level, we could see it settle on its 8 & 13 EMAs around ~1.4575:

Euro nearing the top of its consolidation pattern on an hourly: