EUR 06 (Sep 12 - Dec 23)

[kennynah]

rocket engine wor...

shot up to almost 1.32 intraday

[winston]

ANOTHER SURPRISING CHART… OF THE EURO

In yesterday's Market Notes, we took a surprising look at commodity prices. Despite the widespread belief in the commodity "supercycle," commodity prices have drifted sideways for nine years.

Today, we feature another surprising sideways chart. This one displays the euro.

Read financial newspapers for more than a month, and you're bound to read about how bad things are in Europe. Unemployment rates are high. Socialist governments are deeply in debt and choking off entrepreneurship.

These negative factors might be bad for the euro in the future. But they haven't dented its value over the long term.

As you can see from the eight-year chart below, the euro has been through several big rallies and several big declines. All this action hasn't produced a lower value, however. The euro is actually worth a bit more than it was in 2005.


Source: www.dailywealth.com

[winston]

The euro surges to a two-year high.

[winston]

WE BET YOU DIDN'T KNOW THIS ABOUT EUROPE

Today chart displays one of the least-expected uptrends in the world... the slight uptrend in the euro.

Read investment newsletters for more than a week, and you're bound to hear about how bad things are in Europe.

Unemployment rates are high. Socialist governments are deeply in debt and choking off entrepreneurship. According to many analysts, all this should make the area's currency, the euro, plummet in value.

Those negative factors might be bad for the euro in the future. But they haven't dented its value over the long term.

As you can see from the 10-year chart below, the euro has experienced big rallies and big declines since 2004. But all this action hasn't produced a lower value. The euro is actually worth more than it was 10 years ago. Despite all the negatives you hear about, the euro is doing fine.

Source: Daily Wealth

[iam802]

The $EURUSD has fallen to 1.734 .

1. From the Ichimoku chart, we can see that a bearish cross may be forming.

2. The kumo support below is thin and there is a chance that it will goes through the support.

3. If it rebounds and did not clear 1.383, there is a chance that it will go down from there.

Watch out for the $EURUSD to break down.

[winston]

A SURPRISING CHART OF THE EURO

The message in today's chart: The euro should get a little more respect.

It's hard to avoid news about how bad things are in Europe. Unemployment rates are high. Economic growth is low. Socialist governments are deeply in debt and choking off entrepreneurship.

These negative factors have led a lot of people to forecast the demise of Europe's currency, the "euro." But the price action of the euro over the past 10 years might surprise you...

As you can see from the 10-year chart below, the euro has experienced several big rallies and big declines in the past decade. But all this action hasn't produced a lower value. The euro is actually worth a bit more than it was in 2004. It's a gain that surprises most of the pessimists on Europe.


Source: Daily Wealth

[iam802]

EUR/USD . Ichimoku chart suggest weak support

http://tradingichimoku.com/2014/05/10/e ... k-support/



The daily Ichimoku chart for $EUR/USD is suggesting that the uptrend for EUR/USD is coming to an end.

1. We can see that the overall trend is flattening or hitting a plateau with the kumo turning flat.

2. A bearish cross seems to be forming between the Kijun sen and Tenkan sen

3. Support is thin at the kumo

4. Leading kumo seems to suggest a change in trend may be coming.

[winston]

Euro/Dollar: Dollar exploded higher versus the Euro, trying to break through the 50 day EMA.

Tested the low in the range and found support thanks to Draghi promising action in June.

[winston]

A major “shift” in the currency markets could be here

Source: Bloomberg

http://thecrux.com/a-major-shift-in-the ... -starting/

[winston]

Euro/Dollar: Broke through the 200 day SMA Wednesday, faded to test through Friday, still a solid move and in the upper half of the range.

1.633 versus 1.3603 versus 1.3593

Source: Investment House