Time For selling EUR with DIV and Harmonic pattern seen its expected to have 1.3000 next 2 months The underlying structural fundamentals will continue to provide underlying dollar support with strong support at lower levels. The Euro was pushed lower again by reported comments from ECB member Makuch who stated that several members were open to quantitative...
eur/usd sell 1,3950 1. 0,618 RT 2. fibocluster at 1,3890 (c= 1 x a) and 1,3911 (c = 1,618 x a) 3. Volume signal 4. broken trendline probably a fake
Euro is trading into a bear channel started on the 27 Dec 2013. Friday 07 Feb 2014 close is at the upper parallel line. We are in overbought territory in the short term. A trade below friday low would project the next wave down to 1.3300 support. Targeting 1.3300 during the week 17 - 21 Feb 2014.
Euro is moving lower. Price bounced back at the 20EMA and is moving towards the bear median line. Target around 1.33370.