Keep the Euro on your radar screen. It's consolidating and will most likely move soon. She's come a long way so another move down could result in a snap back rally. If she breaks to the upside first look for a re-test of the break down lows.
Right now (Tuesday) the bias remains to sell moves higher towards 13650/70 if seen..?
Text to follow but the trend seems higher till the end of this week
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...
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.
Market in downtrend - interesting bear flag pattern formed below the 20EMA and in proximity of the down-sloping parallel line. A trade below 1.28170 would confirm the trend continuation. Preliminary target set at 1.25300.