Analysis and Fundamentals: European Union climbs to Recover Fund
Today, Euro in H4 timeframe is show a possible drop of the price into the $1.1323 USD, but let's me explain why Euro is continue drop.
First, in weekly Euro is leave at the highest point in the past time at $1.14 USD as we are now, so we could be a possible drop of 200 pips in week if EUR continue because the European Union has today bad news accomplish with this bearish armonic pattern, also to recall in H4 timeframe, we could to be into his bearish rising wedge and the experctative is so bearish that put in Euro in bad situations, all depend what make the market.
So, in I put a short limit order at $1.1435 USD with a SL at $1.1488 USD and take profit at $1.1323 USD. So the only is that I hope that Euro up a little at least 24 pips to actiavate my sell order limit at $1.1435 USD. if in case doesn;t activate, I cancelled my order. Also as reference, if you see the RSI we have a bearish divergence and if you see in Weekly, you can get the higher point as in Daily too in the RSI and price action.
The price action and RSI indicator show the weakness of the bulltrend in EUR, and possible futures to find down sells.
Fundamentals Analysis to take in noticed:
1. The currency remained flat this morning after press reports suggested the latest round on European Union negotiations failed.
2. A commenting of Crhis Weston, head of research at pepperstone brokerage say that she think that expectations were that they weren't meeting anyway, but they muuded that there was one coming in August or September
3. Talks concerning the 750 billion Euros bill were unsuscessful. Although the countries Netherlands, Austria, Denmark and Sweden, they were satisfied with a sifferent avangement.
4. A reports suggest they are happy with allocating around 390 billion Euros as grants and the rest as low-interest rate loans.
5. While European Union leaders were making progress after 3 days of negotiations, discussions could soon fall apart
6. Dutch Prime Minister Mark Rutte has warned this could be a possibility and talks had been close to falling apart. He noted that European Union Chairman, Charles Michel was working on a news compromise proposal.
7. The European Central Banks chief Christine Lagarde noted it would be better for a leaders to agree on an ambitions package than to have a quiet deal at any cost.
8. Euro Climbs as European Union Recovery Fund Optimism
***Guys, this speculate news is the most important because as Euro climbs the market, investor are Sell Euro as there are many problemas of some countries that we need to recovery fund optimism in the European Union and that could be bad for mid-term.
9.The Euro edged higher today as traders anticipate that the European Summit discussions on a proposed 1.68 trillion of Euros to seven-years budget and covonarius recovery fund that will be resolved.
First, in weekly Euro is leave at the highest point in the past time at $1.14 USD as we are now, so we could be a possible drop of 200 pips in week if EUR continue because the European Union has today bad news accomplish with this bearish armonic pattern, also to recall in H4 timeframe, we could to be into his bearish rising wedge and the experctative is so bearish that put in Euro in bad situations, all depend what make the market.
So, in I put a short limit order at $1.1435 USD with a SL at $1.1488 USD and take profit at $1.1323 USD. So the only is that I hope that Euro up a little at least 24 pips to actiavate my sell order limit at $1.1435 USD. if in case doesn;t activate, I cancelled my order. Also as reference, if you see the RSI we have a bearish divergence and if you see in Weekly, you can get the higher point as in Daily too in the RSI and price action.
The price action and RSI indicator show the weakness of the bulltrend in EUR, and possible futures to find down sells.
Fundamentals Analysis to take in noticed:
1. The currency remained flat this morning after press reports suggested the latest round on European Union negotiations failed.
2. A commenting of Crhis Weston, head of research at pepperstone brokerage say that she think that expectations were that they weren't meeting anyway, but they muuded that there was one coming in August or September
3. Talks concerning the 750 billion Euros bill were unsuscessful. Although the countries Netherlands, Austria, Denmark and Sweden, they were satisfied with a sifferent avangement.
4. A reports suggest they are happy with allocating around 390 billion Euros as grants and the rest as low-interest rate loans.
5. While European Union leaders were making progress after 3 days of negotiations, discussions could soon fall apart
6. Dutch Prime Minister Mark Rutte has warned this could be a possibility and talks had been close to falling apart. He noted that European Union Chairman, Charles Michel was working on a news compromise proposal.
7. The European Central Banks chief Christine Lagarde noted it would be better for a leaders to agree on an ambitions package than to have a quiet deal at any cost.
8. Euro Climbs as European Union Recovery Fund Optimism
***Guys, this speculate news is the most important because as Euro climbs the market, investor are Sell Euro as there are many problemas of some countries that we need to recovery fund optimism in the European Union and that could be bad for mid-term.
9.The Euro edged higher today as traders anticipate that the European Summit discussions on a proposed 1.68 trillion of Euros to seven-years budget and covonarius recovery fund that will be resolved.
