...what's NOT going to happen on fridayIn case the laws of physics do hold - and I'm pretty certain they will - the direction that is crossed out in that blue three-way-symbol can clearly be ruled out. I'm glad that we can at least be sure of that.
Eternalsupport
Entertain your portfolio with AT&T
Target price according to fundamentals : $35.91
Simple Elliott Wave analysis used
Merrill changed status from Neutral to Buy
Eternal Fibonacci used also
EURUSD (eternal support)Following up on my previous EURUSD I've noticed a Support line (1.05315) that has been there since 1987. TradingView data go as back as 1993, but feel free to check in MT4 or whichever other terminal. This support line (1.053xxx) has been broken in 1999 and was re-established in 2003 and hasn't been penetrated since (apart from a failed attempt in December 2016).
In total: Feb 1979, April 1980, Sep 1987, Aug 1988, June 1989, June 1991, Aug 1997, Aug-Oct 1999, Apr 2003, Aug 2003, Mar 2015, Dec 2015, Nov2016-Mar2017.
I've added blue squares where the line was tested (as support or resistance).
There is another support/resistance line in the current price (1.22751) that has played also many times role as a support/resistance.
To see these better, raise to W1 timeframe and scroll back.
That gives me the extra confidence to SELL til 1.05xxx (from the previous estimate 0.93xxx.
