EUR/USD massive break points at 1.2800’s are located at 1.2830, 1.2834, 1.2841, 1.2874, 1.2888 and 1.2891. The last break point above 1.2800’s is 1.2938. Above 1.2938, EUR/USD range is out of bounds. Most vital is 10 and 14 year averages at 1.2834 and 1.2841.
Below, EUR/USD must break 1.2166 to travel lower yet 1.2166 is protected by the 5 year average at 1.1971 and 1.1971 is protected by 1.2080, 1.2030, 1.2039, 1.2177 and 1.2142. Below 1.1971 then flood gates open to 1.1776 and 1.1331.
As a complement to the prior EUR/USD V USD/CAD analysis, following are averages separated by 200 days from 80 days to 4904 days or Jan 1999.
80 days = 1.2030
Special Average = 1.2166
335 days = 1.1331
593 days = 1.1227
848 days = 1.1264
1103 days = 1.1776
1279 days = 5Y = 1.1971
1357 days = 1.2039
1614 days = 1.2177
1873 days = 1.2419,
2130 days = 1.2547
2385 days = 1.2667
2562 days = 10Y = 1.2834
2640 days = 1.2888
2894 days = 1.2938
3151 days = 1.2891
3410 days = 1.2874
3590 days = 14Y = 1.2841
3667 days = 1.2830
3922 days 1.2711
4175 days = 1.2502
4429 days = 1.2298
4687 days = 1.2142
4904 days = 1.2080
Brian Twomey