Talking Points -Elliott Wave Theory can provide clues to our location within the EURUSD trend -EURUSD finished a proposed ending wave of an ending wave of an ending wave suggesting a multi-week low on December 8, 2014 -Initial target zone is as high as 1.2900 EUR/USD Daily Chart Fibonacci Wave Ratio Analysis ...
EUR/USD rallies back above 1.2500Monday’s range extremes critical in the AussieUSD/CAD sentiment close to neutral EUR/USD EUR/USD failed yesterday near the 2nd square root relationship of the year’s low at 1.2580Our near-term trend bias is negative in the exchange rate while below 1.2580A close under 1.2440 is now needed to confirm a resumption of the ...
- European Central Bank (ECB) to Retain Current Policy Ahead of Next T-LTRO in December. - Will ECB Expand the Scope & Attractiveness of Non-Standard Measures? Trading the News: European Central Bank (ECB) Interest Rate Decision The EUR/USD may face another selloff in the days ahead should the European Central Bank (ECB) adopt a more dovish tone and offer additional monetary support to prop up the ailing economy. What’s Expected: ...
- U.S. Consumer Price Index (CPI) to Slow for Third Consecutive Month. - Core Rate of Inflation to Hold at Annualized 1.7% for Second Month. Trading the News: U.S. Consumer Price Index (CPI) A further slowdown in the U.S. Consumer Price Index (CPI) may spark a bearish dollar reaction (bullish EUR/USD) as the majority of the Federal Open Market Committee (FOMC) remain in no rush to normalize monetary policy. What’s Expected: ...
Talking Points: EUR/USD Sentiment Flips to NegativeLong-Term Channel Support Near $1.25Potential Exits: Stop at 1.2480 & Limit at 1.2950 The Euro has taken a turn this week after its relentless free-fall the past few months. After falling to $1.25 last week, it has now risen as high as 1.2675. I am predominantly a trend trader and look to trade in the path of least resistance (in this case, selling the EUR/USD as its fallen), but there are a couple compelling reasons ...
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