Euro – June futures contract_
Weekly – Trading between 1.043 and the weekly long entry confirmation of 1.092. Trade pressures are still negative but rising. Volume is bearish. a break of the lows would set up a .9745 downside weekly target.
Daily – Two long trade cycles working. One is long from 1.0765. the other shorter cycle long from 1.0663 this last week, resulting in targets of 1.0860 and 1.1097.
Trade pressures are down but rising. Volume is bullish for four days of last week.
Stops at 1.0529.
[5/3 update: closed the trade at the 1.1262 target.]