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.
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.
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.
