Important long term Lower ML parallel approaches for Eur$

IMPORTANT EURO$ support reached 5:55pm Paris time.(GMT+1)

This could be it folks. The point at which we see a rally for the Euro.Look at the daily charts above and you will see you have the LMLP of the up sloping red ML set and the centre line of the downsloping blue ML set. Using an alternative long term Mod Schiff ML set below we also can see the same top UMLP and we are now resting on a lower quartile plus this level today is a Fib 61.8 %retracement (from the low of approx 1.2450 in march 2009 to the high of approx 1.5175 autumn 2009).

Here's how it looks in Metatrader both as a daily and one hour. Waiting is the name of the game to see what happens to price and what bottom pattern if any is formed. It seems significant as this is a point of important confluence & price could react sharply, either by rallying or passing through the blue centre line at speed going lower.