We are showing the weekly chart of the Euro again to clarify our shift from bullish to neutral in preparation for amajor turn in the weeks ahead. From the 2012 low an a-b-c rally (with a b-wave triangle) is nearing a symmetrytarget at 1.3834. Wave-(e) of the 5-year consolidation is equal to .618(c) (a common triangle relationship) at1.3936. Also supportive of this target zone is the downtrend line from 2008. Finally channel resistance from the2013 low is also aligning near the 1.39 level. (weekly)S/t, the daily is consolidating above new support at 1.3742 and we are expecting one more rally to channelsupport near 1.3875. A drop below the next critical pivot zone at 1.3704/1.3646 will signal that the up move haslikely run its course. (hourly)Levels: Support – 1.3742, 1.3704, 1.3646 Resistance – 1.3835, 1.3850, 1.3894
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