EUR index has reached the bottom end of the channel and has started consolidating, creating wicks. Price has wicked below the channel a few times but hasn't closed and i expect a push upwards very soon. Watch for a breakout of the range for further strength before entering any EURxxx BUY & xxxEUR SELL trades. We had a few good entries on EUR pairs in the group...
Possibility of some up-side in the Euro in the coming weeks. We've had a strong push down from the monthly highs that also failed to break above previous all time highs. A triple top style pattern was also formed in this region which is a strong indicator of longer term downside within the Euro. At the minute however, we have had a daily descending correction into...
Euro index approached the daily support. it has also formed a falling wedge and bullish divergence. A reversal is eminent.
DIVERGENCE ON RSI BUY LOW AS 0,618-0,88 FIB OF LAST MOVE POTENTIAL TARGET -0,382 OF LAST SWING
G20 CURRENCIES BY SUCCESSFUL RETEST OF LAST LOWS WHICH COINCIDES WITH 1,27 EXT MAY OFFER GOOD RISK REWARD SCENARIO AGAINST EURO. ADD TO THAT DIVERGENCE ON RSI
The euro could be revering lower soon. Price reached a very meaningful area.