By looking at the graph we can see a bearish tendency take shape at the horizon. The RSI in fall and the MACD crossing the 0 soon, confirm with the candlesticks installed under MA and MAE a desire of the Euro to leave in fall.
To the sight of the expected news this day for the US Euro and Dollar, the fundamental analysis brings us has to think that the Euro will go down again during the day.
From a graphic point of view, the MACD is always in agreement for the moment with the continuation bull, but the momentum seems to weaken.
Today there is no good news for the Euro. All at least if the declared figures lower than are expected. Possible position sale once the passage of the point pivot @1.2365, if not, maintenance of the position purchaser of last week.
Good news for USD not sufficient to stop the rise of the Euro today, but perhaps ?
In the event of maintenance with the top of the point pivot @1.2485, the rise is reasonably possible. In the event of break on the other hand, a return to the fall will be much more logical.
Today no news of great importance to be announced. Does that promise it, a calm beginning of the week? While waiting for 2 possibilities of trading are offered to us. A light preference for a position SHORT today. Very a good start of week with everyone!
Today the news for the Euro and Dollar US should push the European currency upwards. Observation of the 2 trend lines in triangle this morning.
Let us remain vigilant even if the deceleration of the fall of the Euro yesterday at summer slowed down by the bad news of USD.
Preference for the position LONG, but with a ...
Today some news for USD. 2 trends lines obliques. 2 possibilities. Be carefull with breakout and breakdown.
My preference for this day a short position below 1.2330. Not to forget the money management especially!
Have a nice Day !