![\"Euro\/USD\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-10-eur.png?w=525&ssl=1\" "\\"Euro\/USD\\"")
<\/p>\nThe Euro continues to test its new support level at $1.34\/$1.3450. Respect is likely and would signal a test of the February high at $1.37. Breakout above $1.37 would offer a long-term target of $1.47*. A trough above zero on 13-week Twiggs Momentum indicates a healthy up-trend. Failure of support — and penetration of the rising trendline — is unlikely, but would warn of another correction.<\/p>\n
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\n* Target calculation: 1.37 + ( 1.37 – 1.27 ) = 1.47<\/p>\n
Sterling faltered after breaking resistance at €1.19. Reversal below €1.18 would warn of another test of primary support at €1.14. Follow-through above €1.20 is less likely, but would signal an advance to €1.24*.<\/p>\n
![\"Sterling\/Euro\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-10-gbp.png?w=525&ssl=1\" "\\"Sterling\/Euro\\"")
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\n* Target calculation: 1.19 + ( 1.19 – 1.14 ) = 1.24<\/p>\n
The greenback is testing primary support at ¥96 against the Yen. Reversal of 13-week Twiggs Momentum below zero would warn of a primary down-trend. Follow-through below ¥94 would confirm. Recovery above ¥101 is less likely, but would indicate another advance.<\/p>\n
![\"USD\/JPY\"](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-10-jpy.png?w=525&ssl=1\" "\\"USD\/JPY\\"")
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\n* Target calculation: 96 – ( 100 – 96 ) = 92<\/p>\n
Canada’s Loonie respected its descending trendline and is testing support at $0.96. Failure (of support) would signal another test of the primary level at $0.9450. Bullish divergence on 13-week Twiggs Momentum continues to favor a primary up-trend. Breakout above $0.9750 is presently unlikely, but would complete a double-bottom reversal with a target of parity*.<\/p>\n
![\"Canadian](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-10-cad.png?w=525&ssl=1\" "\\"Canadian")
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\n* Target calculation: 97.5 + ( 97.5 – 94.5 ) = 100.5<\/p>\n
The Aussie Dollar is retracing to test its new support level at $0.94 against the greenback. Respect would indicate a test of resistance at $0.95, but failure is as likely and would warn of another test of medium-term support at $0.93. Breach of $0.93 would be more serious, warning of a correction to primary support at $0.89.<\/p>\n
![\"Aussie](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-10-aud.png?w=525&ssl=1\" "\\"Aussie")
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\n* Target calculations: 0.95 + ( 0.95 – 0.93 ) = 0.97<\/p>\n
The Aussie continues to test primary support at $1.12 against its Kiwi neighbour. Recovery above $1.14 — and the descending trendline — would indicate a test of primary resistance at $1.16. Breakout above $1.16 would complete a double-bottom reversal with a target of $1.20*. Breach of primary support remains as likely, however, and would offer a target of $1.08*.<\/p>\n
![\"Kiwi](\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-10-nzd.png?w=525&ssl=1\" "\\"Kiwi")
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\n* Target calculations: 1.12 – ( 1.16 – 1.12 ) = 1.08<\/p>\n","protected":false},"excerpt":{"rendered":"
The Euro continues to test its new support level at $1.34\/$1.3450. Respect is likely and would signal a test of the February high at $1.37. Breakout above $1.37 would offer a long-term target of $1.47*. A trough above zero on 13-week Twiggs Momentum indicates a healthy up-trend. Failure of support — and penetration of the … <\/p>\n