![\"Euro\/USD\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-04-25-eur.png?w=525&ssl=1\")
<\/p>\nThe euro is consolidating between $1.30 and $1.32. Upward breakout is more likely and would test the high of $1.37. Reversal below $1.30 would warn of another decline, to around $1.24*. In the long-term, breakout above $1.37 would signal a primary advance to $1.50. A 13-week Twiggs Momentum trough at the zero line would reinforce this.<\/p>\n
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* Target calculation: 1.28 – ( 1.32 – 1.28 ) = 1.24<\/p>\n
Pound sterling surprised with a reversal above resistance at $1.53. Follow-through above $1.54 would suggest an advance to around $1.58, while retreat below $1.52 would signal a down-swing to $1.43*. Declining 13-week Twiggs Momentum, below its 2011 lows, strengthens the bear signal.<\/p>\n
![\"Sterling\/USD\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-04-25-gbp.png?w=525&ssl=1\")
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* Target calculation: 1.53 – ( 1.63 – 1.53 ) = 1.43<\/p>\n
The Aussie Dollar rallied off primary support at $1.015. Narrow fluctuation of 63-day Twiggs Momentum around zero suggests a ranging market. Respect of support suggests another test of $1.06.<\/p>\n
![\"Aussie](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-04-25-aud.png?w=525&ssl=1\")
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Canada’s Loonie found support above $0.97 against the greenback, suggesting another test of $0.99. Breach of the rising trendline, however, would indicate another down-swing.<\/p>\n
![\"Canadian](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-04-25-cad.png?w=525&ssl=1\")
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The greenback is testing resistance at \u00a5100 against the Japanese Yen. The 30-year down-trend of the dollar is over. Breakout above \u00a5100 is likely, and would suggest an advance to the 2007 high at \u00a5125*.<\/p>\n
![\"USD\/JPY\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-04-25-jpy.png?w=525&ssl=1\")
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* Target calculation: 100 – ( 100 – 75 ) = 125<\/p>\n
The Fed, ECB and BOJ are all printing money and debasing their currencies. The US dollar, although taking on water, is viewed as the safest — because it is sinking slower than the others. There are signs the Fed is likely to slow quantitative easing in the next 6 to 12 months.<\/p>\n","protected":false},"excerpt":{"rendered":"
The euro is consolidating between $1.30 and $1.32. Upward breakout is more likely and would test the high of $1.37. Reversal below $1.30 would warn of another decline, to around $1.24*. In the long-term, breakout above $1.37 would signal a primary advance to $1.50. A 13-week Twiggs Momentum trough at the zero line would reinforce … <\/p>\n