Posts Tagged ‘Euro’

Early this month the Euro made a new high against the US Dollar. But the top had some significance to it, i.e. it the market had a rather significant reaction that was a great short opportunity. In this post I address how this could have been traded for a 150+ points profit.

The Euro has been rising steadily since the April 09 low. It made a top on 3 Jun 09, will this top hold for a while?

At the end of February I carried out some time analysis and came up with a prediction that the Euro had two important dates in March 09. The first I expected to be around the 5th and the second around the 18th-20th. Around these “pressure” dates I would expect a change in trend. Consequently I [...]

In my previous post about Euro I was looking at a potential directional turn, however the Euro has kept diving since then.

The Euro has had a sharp downturn the last 10 days. It is interesting looking at the chart symmetry since 21 Aug 08: From the 21 Aug top it went down for 21 days until the low on 11 Sep, and what is interesting is that yesterday’s low was 21 days since 11 Sep.

The Euro just broke the 1.4609 support level, after dipping below it the last two trading sessions. It quickly took out the last two sessions’ lows in a dive down. No wonder as the European markets were opening very weak today due to the credit crisis.

In the last 4 trading sessions the Euro has not closed below a support level at about 1.4609. The last two sessions it dipped below, but closed above, clearly testing the level. The same level acted as support in August as well as late last year and early this year. In February it was sitting [...]

On 11 Sep 08 the Euro repeated a down range from late 04 to late 05. Ranges like to repeat themselves so this in itself is a good indication that the downtrend has turned. Further to the range repetition the low on 11 Sep 08 is exactly the same as the July 07 high (support/resistance [...]