EUR 06 (Sep 12 - Dec 23)

[winston]

EUR/USD: 1.17738 versus 1.18718.

Wow, the dollar actually rose against the euro.

Sold to the 10 day EMA, the support it has held the past 5 weeks on the rally.

Source: Investment House

[winston]

not vested

The one safe haven left…

by Jim Rickards

The two dominant central banks, the Fed and ECB, are ready to coordinate their currency moves once again.

Once the ECB finishes the taper of bond purchases, probably in mid-2018, it will then move slowly toward interest rate hikes. This tightening phase will strengthen the euro.

Source: Currency Wars Alert

http://thecrux.com/jim-rickards-the-one ... aven-left/

[winston]

EUR/USD: 1.18216 versus 1.17652.

Euro bounces up off support, ready to rally some more.

[winston]

EUR/USD: 1.17595 versus 1.17107.

Still in the 2.5 week test of the high logged in early August.

Source: Investment House

[winston]

EUR/USD: 1.18621 versus 1.19131.

Euro faded into the weekend but holding the 20 day EMA, the support for its solid uptrend.

Source: Investment House

[winston]

UBS Wealth That Foresaw Euro Rally Now Sees a Correction Looming

by Stefania Spezzati

UBS sees a correction on the cards as it bets that the European Central Bank will start unwinding its stimulus slower than the market expects.

Its projection of $1.15 stood out given its contrarian nature at a time when the majority of forecasters surveyed by Bloomberg expected it to slip to around $1.03 or even parity.

UBS Wealth, which recommends that investors should hold a neutral position on the euro against the dollar, predicts the currency will trade at $1.18 in six months.

Source: Bloomberg

https://finance.yahoo.com/news/ubs-weal ... 43438.html

[winston]

EUR/USD: 1.20225 versus 1.19258.

ECB holds rates, keeps QE at least through year end, Draghi notes the currency needs watching so it does not impinge growth. Yet, still, the euro rises.

Source: Investment House

[winston]

EUR/USD: 1.19436 versus 1.1918.

Tested back to the 50 day MA, started to bounce off that level Thursday and Friday, but not that strong a move.

Source: Investment House

[winston]

EUR/USD: 1.19476 versus 1.19420.

Tested the 50 day MA midweek, held. Continued the 2.5 week lateral consolidation.

source: Investment House

[winston]

EUR/USD: 1.1812 versus 1.17817.

Recovered late week after breaking the 50 day MA's early week.

Source: Investment House