EUR/USD daily

FX:EURUSD   Euro / U.S. Dollar
526 2 2
2013 Wedge breakout, MACD ( weekly turning short )
cleared 100 sma and 200 sma .

With potential ECB action on lowering interest rates(negative),
long term refinancing operations and relative US growth > EU, plus the recent Eurosceptics election outcome.

Targets :
1.3475 3/2/14 low. ( CRITICAL Support 2012 uptrend
line(red), horizontal confluence - time 27/6 )
1.3294 7/11/13 low.
1.31046 6/9/13 low.
potential 1.275 9/7/13 low.

Stop : 1.3740. (100 sma should act as resistance.)

Related Ideas

Hi !

I come from Europe and it seems that the economy is strongly moving to some kind of ecology economy. This thing could reduce the power of money here with more attachment to the utility value of thing instead of the monetary value.
So, I just want your advices on this chart :

Best Regards,
rv Mirandole
Hi SB !, Well it may take some time for this situation, what recent events are telling us, is that EU politicians should respect each country Sovereignty, independence and political status, thus the Eurosceptics movement is on the rise. This, regarding the political aspect vs the economic one.
Regarding the chart, it may produce a bump, but the above action should overpower it. Look at the above sma for resistance. ECB meeting is on 5th of June.
+1 Reply
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