[

The Euro has failed thus far to break back above the 1.267 uptrend line and is has failed to make a higher high. There may be a trade to the short side here but it needs to setup a little bit longer.

The other thing to note is that the Euro has traded [...]

The Euro is in an area with a lot of support from the 20/50 day moving averages and technical support shown by the blue rectangle. Still the chart doesn’t show any signs of reversal yet but it’s a good idea to keep watching this market for one. I think the Euro could head down a [...]

I don’t have time to do a full post on the Euro but I believe it is a good sell setup today. I have been looking for a decline in this market for a few days now and the overnight drop is encouraging. I think there is a good chance that the Euro does not [...]

This looks more like the beginning of the pullback that I was expecting in the Euro on Friday. Now given that the Euro has dropped nearly 150 pips already we might get a day of hesitation here but I think the Euro is headed to 1.29 in the next few days overall. But again I’m [...]

The Euro is poised to pullback today. The Euro may be pausing at the previous swing low, 1.3142. Also the 50 day moving average is also providing resistance around 1.31. From here I’m expecting at least a temporary pullback possibly to the 20 day moving average near 1.29. It has already made a lower low [...]

The Euro has rallied strongly after breaking the 1.4241 downtrend line but has now dropped pretty far today. As the chart currently stands I don’t see a good trade opportunity one way or the other. I tend to shy away from shorting follow big down days but if I had to guess one way or [...]

The Euro almost reached my 1.2587 target but has rallied and broken the downtrend line. The next price level to watch is 1.2884 (previous swing high). I think if the Euro can hit this level then it is only a matter of time before it rallies back to 1.31-1.37.

Last time the Euro bounced [...]

The Euro is testing the 1.4241 downtrend today. The downtrend may or may not end in the next few days. If the Euro does break above the 1.4241 downtrend and stay above it then I believe 1.36-1.38 is a reasonable bounce target for the Euro. This is about 1000 pips away from the price now [...]

The Euro is nearing my 1.2587 target and I believe it should hit this target by Monday. I am short from 1.285, my target exit price is 1.265 and if it does not hit this price by Monday then I will exit the trade as given the downward momentum, it should be hitting this target [...]