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  1. EUR/USD Possible Daily Breakout

    by , 04-14-2019 at 06:51 PM
    A week ago, EUR bears were likely chilling their champagne bottles in anticipation of potential profits to be realized as of the close of trading this week. An ECB with a worsening economic outlook seemed to be a ripe environment for sharp losses. On Wednesday, when the ECB met, the markets grabbed onto the message that the ECB will consider whether it needs to mitigate any of the side effects from negative rates and the long-term bank funding “solution: known as TLTRO-III, but that was not enough ...
  2. EUR/USD Technical Analysis: Daily Breakout

    by , 03-18-2019 at 03:23 PM
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    The Euro is back to testing resistance guiding it lower against he US Dollar since January 2018, a barrier reinforced by the top of a choppy channel in play over the past two months. Another rejection might open the door for the next leg in the single currency’s slow downward grind while a break higher has might set the stage for a significant medium-term trend reversal.

  3. EURUSD Weekly Technical Forecast

    by , 03-11-2019 at 04:32 AM
    The pattern the past few months in these times of extraordinarily low volatility has been for moves in the Euro, in both directions, to look like they want to build on momentum only to reverse. We are about to find out if this latest installment of weakness can last or will those who just sold be kicking themselves as another breakdown turns out to be false.

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    If the pattern is to change then EURUSD can't burst higher in the coming days, ...
  4. US Dollar Index – Too Many Questions

    by , 01-12-2017 at 06:21 AM

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    -“As is the case with EUR/USD and USD/CHF, continued failure at trend extremes warrant caution although there is nothing ‘solidly bearish’ to work with just yet. Weakness below 100.51 (December 2015 high) would suggest a broader reversal.” 100.51 (2015 high) is classified as a decision point (make or break level). It’s OK to lean towards the long side as long as that level holds. Weakness below would suggest a broader reversal is ...
  5. Price Patterns & Time: USD Head Fake?

    by , 11-18-2014 at 10:59 PM
    • EUR/USD rallies back above 1.2500
    • Monday’s range extremes critical in the Aussie
    • USD/CAD sentiment close to neutral


    • EUR/USD failed yesterday near the 2nd square root relationship of the year’s low at 1.2580
    • Our near-term trend bias is negative in the exchange rate while below 1.2580
    • A close under 1.2440 is now needed to confirm a resumption of the