6E has surged through the long-term down channel. The most apparent price zones to watch in the medium term. Fibonacci Fan Analysis on 1-Hourly chart. Euro Surges Out Of Downward Channel Due To a Weakening Dollar We have been tracking the Euro’s downward channel for some time now, and for a while, it seemed the Read More…
The Fed rate decision and press conference may heighten market volatility. The bullish breach above the trend channel has not significantly changed market sentiment. An analysis of the 1-hourly chart. Fed Day Today is a very big day for the markets as the Fed will announce its rate decision with expectations of a 75 basis Read More…
Price of 6E trading within a resistance zone. Using the stochastic on a shorter time frame for entries Bearish Tone Remains Price Action for 6E As expected, the Euro has been trading within the range where we have been aiming to gradually increase our short position. The price range between $0.9768 and $1.0035 is mentioned Read More…
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…
