EUR 06 (Sep 12 - Dec 26)

[kennynah]

1.3148 region appears to be the obvious Support...

[kennynah]

i hope to receive a new year eve present....

eur/usd drop >100 pips on Monday

[winston]

TOL:-

Only a month ago, would you have expected the EUR to be at 1.3380 now ?

[kennynah]

sudden urge to sell...

sold 1.3372

[winston]

Why a Rising Euro is Likely Despite Draghi Comments By Jeff Uscher

The daily chart of the euro against the U.S. dollar is still in a solid uptrend, despite today's sell-off.

Thursday's low of 1.3369 is right at the 500-day simple moving average of 1.3370, which supports Draghi's comment today that "the appreciation is a sign of a return of confidence in the euro" and that "by and large" both real and nominal exchange rates "are on their or about their long-term averages."

The key 50-day simple moving average has been in an uptrend since September and should provide solid, rising support starting at 1.3237.

http://moneymorning.com/2013/02/07/why- ... -comments/

[winston]

THE "BIG TREND" IN THE EURO IS CLEARLY DOWN

Yesterday, we announced it was "currency week" in Market Notes. We plan to show you several important ideas in this extremely important market.

One big idea is that currency trends are different than the ones you find in stocks. The fortunes of a giant, established economy can't turn on a dime like a stock's can. You can think of your average stock as a jet boat… while the currency of an established country is like a giant oil tanker.

Below is a six-year chart of the pan-European currency, the euro. Most folks don't realize it, but the European Monetary Union economy is the size of the U.S. economy. And the euro is its "paper of the realm." As you can see, this tanker is headed in a bad direction…

In early 2008, the Euro Index sat at 159. Since then, it has been locked in a huge, stair-step decline of "lower highs and lower lows." This decline has taken the currency down to 128. Europeans with their savings parked in conventional bank accounts are slowly but surely losing wealth. Given Europe's ugly debt situation and struggling economy, expect this big trend to continue.


Source: www.dailywealth.com

[kennynah]

buy.....

[kennynah]

1.28 eur/usd...
triple bottom

[kennynah]

oh oh....

1.28 not holding for now...current 1.2765

[winston]

Euro about to crumble and fall hard? by Chris Kimble

The Euro may have formed a "Bearish Head & Shoulders" pattern over the past 9-months with the neckline having a hard time holding as support at (1) in the chart above.

At the same time the US$ is working on breaking a resistance line that has held the US$ in check for the past 8-years.

If the Power of the Pattern read is correct in the Euro and the neckline fails to hold as support, the Euro could quickly fall 5% in value, to the next support level around $1.20.

In the past a Euro decline/US$ rally was bad sign for stocks, this chart reflects that over the past two years, a higher US$ has meant higher stock prices!

How the Euro handles the neckline is super important to the future of risk assets!

http://blog.kimblechartingsolutions.com ... fall-hard/