I believe the Euro will continue to grind lower and I believe the market is currently underestimating the ECB's commitment to a much weaker Euro , irrespective of what the Fed does or doesn't do. Euro seems to have found temporary support out of thin air. Given the Euro's usual reaction to "risk off" days (carry traders cover their Euro shorts), for which today was a massive one, Euro didn't really move. Had it not been for the Reuters article, I think we would have seen a move much higher. At 1.075ish, there really aren't any historical levels to support the price and I see a re-test of Friday's lows on the way to prior support at 1.0660. Longer term, I think a re-test of last Spring's lows at 1.05 are on the cards.
Over the weekend, I performed some analysis on the Euro futures market and had some interesting takeaways. Have a look here for the full analysis:
1. Cover shorts/take profits during the 3pm hour
2. Expect positive price moves after-hours from 4pm to 4am
3. Look to add exposure opportunistically overnight, ahead of 4am
4. Cover shorts/take profits ahead of 10am, around 9:45am
5. Look to add exposure during the 10-11am hours, ahead of 11:15am
The full analysis can be found here: https://simonsays452.wordpress.com/2015/11/10/update-euro-futures-price-action/