A relentless downtrend continues for 6E Price band to look for short trades Potential bearish targets set at $0.9668 The Downtrend We have covered the Euro a few times this month, and the narrative remains the same as the relentless weakening of the Euro continues. We categorically stated in our previous analysis that the 25 Read More…
Overall Trend Remains Bearish As Momentum Indicator Continues To Slump Analysis Of Parallel Channel, Moving Average Band, And Momentum Indicator Potential Game Plan As Euro Continues To Slide Bearish Trend Continues There is not much change in the daily chart from when we previously analyzed 6E back in September. We were looking primarily at taking Read More…
Eurozone inflation came in higher than expected at 10.0% in September. ECB policymakers have been drumming up support for a 75bps rate hike. The euro’s decline against the dollar is increasing imported inflation. Euro (6E) futures prices rose after Friday’s inflation reading. Inflation in the eurozone soared beyond forecasts in September to reach 10.0%, a Read More…
The daily trend is still bearish Price consolidating around the $1 level Range-bound trading opportunities on the 2-Hour Chart Introduction Because of the worse-than-expected CPI data and a strong Dollar, we can take advantage of many potentially good trades available in the markets currently. The fear of an economic crash in Europe is rising due Read More…
Euro trading below $1 for the first time since 2002 Bearish sentiment remains Potential bounce possible in the shorter term Consolidation zone on the hourly chart Rewind 2 weeks Looking back at the analysis we did on the Euro on August 19th, our call for the break below $1 has been realized. With such a Read More…
Investors expect a 75 basis point rate hike from the Fed next week. The ECB is expected to raise rates for the first time this week. Vulnerable Eurozone countries are facing possible recession. The market outlook for Euro (6E) futures price remains bullish as markets change their Fed hike expectations from 100bps to 75bps. Consumer Read More…
