possible flag formation if it breaks to up side this will make pairs with this currency more bullish for the coming week
XDE trade ideas
How far up will the Euro goAfter a strong and consistent upward move which we experienced during the past weeks, we at astute financials decides to look critically at the EXY to know how far up this currency will actually go.
According to the chart attached, you would see that a clear labelling shows that in the long term, the currency has still not completed its upward wave C correctional movement. Wave 3 of C has completed, a wave which actually subdivided into smaller complete 5 waves was seen.
Presently we are expecting the currency to retrace downward so as to complete the 4th correctional wave of C before we resume the downward trend on this currency.
We would advise a sell position for now. Unless the previous high is breached.
EXY- Very Critical pointvery critical point for all EUR pairs! wait for the London open and we will see!
Dollar vs Euro Index. Bear vs Bull about to change?Which one will head down hill? Most probably the Euro based on the setup?
I have seen stranger things. The sentiment around the Euro is currently bullish and the Dollar bearish.
Is this about to change over the next few weeks?
Key indicators being publish over the next 2 weeks will determine where we head.
Is this a Bat Pattern? EU ForecastThis is my Euro -0.03% forecast. The picture is very clear about the Bat Pattern I had found. Why the retrace? For tomorrow I dont expect any changes in ECB monetary policy , and also think they will be talking more about external risks for the EU recovery due to political tensions. Anyway, data is still showing at least for me a good recovery when you take a look to the GDP, sentiment, and the price consumer index this monetary policy is about. Employment is still stagnated, but that will be something structural hard to be resolved in the medium term. Also expect for next week a hawkish tone in the Fed policy measures or maybe a surprise with another interest rate increase, or at least signiling it.
But you know, the later is only a guess. Lets go for the tech analysis ...... the one that really works. If you take a look to the chart, the blue gross line is showing us the superior resistance line inside a trend that started at least september 2016 or even early 2015. So, if this one is broken upside expect 1.13, flag, and then impulse, and that is another history. But if this one works as I think it will, our EP is below 111.600, SL 12.300, TP1 109.800, and TP2 108.000. Dont be shy, and take your profits 1 by 1.
Take a look to the DXY 0.05% and the XAUUSD -0.01% forecast, and both are signaling the same trend correction.
EXY EURO INDEX BULLISHSeems like a Inv.HnS in the Index.
DXY seems like retesting a descending triangle formation with limited upside and big divergence in the RSI.
Both premises together make me deduct a probable strenghtening of the EURO.
Also, French elections + Eurostocks sentiment are good.
We can ride this uptrend while it lasts.
SHORT EUROPrice is in the uper side of the daily channel and, at same time, it reached the downwards daily trend line.
Index of Euro (EXY)On 1D chart we see a channel_movement with strong ressistance_line. Now I looking for reverse the price from this line and continue of down_movement.
Short Bias in the EURO - Will We See it Consolidate This Week?Hey traders, I have definite short bias on the Euro on the Weekly timeframe. However, the question remains, "will we see consolidation this week or bearish breakout?" The next couple of days should unfold the next chapter in this story. Stay tuned
Indrx of EUR (EXY)On background the down_trend we have the rising correction channel which was broken/ so we have a good opportunity to take short position/ setup pending sell order on breakout the fractal_based line
Why you should be trading against the EUR?I think the chart explains by itself very clearly so you will know what to do. Just see the pink channel we were trading and how it was broken. So you should expect correction flag and then bearish impulse. Probably if you go to a lower time frame as 4h or 1h could understand better what I mean but wanted to show the borad picture.
USD Index against Euro index is very intersting .I think all Europian and Yen index will be strong this week.
Take care and good luck.
Thank you for your support
