(CercleFinance.com) – Boosted by the decline of the Euro at parity against the Dollar, Airbus recrossed the 100E in force.
But it is above all the overflow of 98E that makes the difference with the crossing ‘from above’ of a reversal structure in a triangle: and this occurs after a double recovery of support on 90E on March 7, 23 and 30 June… excluding the July 5th bear trap at 88.9E.
The ex-low of April 27 is retraced, the next objective will be the ex-resistance of 112E of May 27 and June 6.
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