EURUSD 20110615
At long last a real post.
Looking at the weekly chart, it appears that the entire move up off the 1.18757 low from June a year ago may now be complete.
A move back to the long term channel which currently coincides with the old high around the 1.3667 area made back in 2004 would not be impossible. Other scenarios allow for one further test of the 1.5100 – 1.5150 area.
The descending highs below the 2008 all time high remain ominous.