November 9, 2012
- in Uncategorized by schooloftrade
EURO Currency Futures Chart Prep
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| Euro Currency Prep |
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| Dollar Index Chart |
We can see
the major bull price-channel and that we’ve recently broken new lower-lows and
ultimately the buyers have failed to hold the support at the lows of this long
term price-channel. This is a very
bearish clue. We can also see the short
term potential for a bear price-channel, even though we have broken the lows there
as well; this is another bearish clue for the euro.
the major bull price-channel and that we’ve recently broken new lower-lows and
ultimately the buyers have failed to hold the support at the lows of this long
term price-channel. This is a very
bearish clue. We can also see the short
term potential for a bear price-channel, even though we have broken the lows there
as well; this is another bearish clue for the euro.
We can see
the price-wedge and the new lower trigger-zone as well as the major support zone
below us at 1.2600 which will make for an excellent target for the sellers.
the price-wedge and the new lower trigger-zone as well as the major support zone
below us at 1.2600 which will make for an excellent target for the sellers.
Our day
trading strategy for the euro is to sell short using our wave patterns and
pattern-scanner to trade along with this bearish market sentiment. We also want to use the Dollar-Index correction
to make educated decisions today. When
the Dollar-Index is moving higher the euro will move lower, so keep that in
mind today. Our final target for the
shorts is the 1.2625 highs of the trigger-zone and the big-round-number of
1.2600 below it.
trading strategy for the euro is to sell short using our wave patterns and
pattern-scanner to trade along with this bearish market sentiment. We also want to use the Dollar-Index correction
to make educated decisions today. When
the Dollar-Index is moving higher the euro will move lower, so keep that in
mind today. Our final target for the
shorts is the 1.2625 highs of the trigger-zone and the big-round-number of
1.2600 below it.
