EUR/USD Technical Analysis

Good day,

Euro  moves against the US Dollar in the range above 1.2350.

Technically, EURUSD has been trading close to the bottom of a two week channel all week long (blue lines), originally finding resistance at 1.2240. Dark purple lines shows figure of shoulder. Red lines means divergence.

Investors  hopes for end of Crisis. So we can aspect Euro higher (green line). Move’s up to Fibo 100.

EURUSD,Daily 2012 08 17