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EUR/USD (Update from Aug 10 post)

Hello Traders,
Here is an update from a post I put out on the EUR/USD on Aug 10, 2014. The EUR is still falling compared to the US dollar. As confirmed in the previous post there is really no reason to look for long opportunities in this chart pattern. Some would point out that there is a level of divergence because the RSI signal is showing oversold and this is a opportunity to buy. I definitely understand that sentiment but I have learned from experience to always follow the immediate trend an…
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EUR/USD Week Ahead Report

Hello Traders,
The Euro gained back some ground against the dollar on Friday with investors after U.S. President Barack Obama approved air strikes in Iraq. Obama said in an address that he authorized targeted strikes to protect the besieged Yazidi minority and U.S. personnel in Iraq, after the Iraqi government requested help.
Currency markets in general have been resistant to alarms over Ukraine, Gaza or Iraq, but there is growing concern that a mix of growth-sapping sanctions and potentially h…
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