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EURO/USD - TECHNICAL BREAK, READY FOR SHORT?

VERY TEMPTING TECHNICAL SET UP. WE HAD A MULTI-MONTH TREND LINE BREAK TO THE DOWNSIDE IN THE END OF PAST WEEK. WILL THERE BE ANY FOLLOW THROUGH? I AM EXCITED TO FIND OUT THIS WEEK.
WE HAVE FULL OF EVENTS TAKING PLACE FROM THE EUR ZONE THIS COMING WEEK - EURO COMPOSITE PMI, EUROZONE CONSUMER CONFIDENCE ETC.. ALSO, EQUALLY BUSY, IT'S GOING TO BE ON THE US SIDE TOO - DESPITE MONDAY IS OFF FOR US MARKET....
MIND YOU, AFTER UNEXPECTED RATE CUT IN LAST NOVEMBER BY ECB - MARKET EXPECTED SOME KIND OF F…
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FxMidaso avatar
FxMidaso 23 Gen

very good observation of the trend line. lets see how the week unfolds.

A15612P avatar
A15612P 23 Gen

Thanks... I am expecting EUR data to come negative today.. perhaps the downtrend willl get some followups..

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FxMidaso 23 Gen

Thanks, maybe you can read my article on how i obtained 'Trader of the Year' in the article contest. Thanks for your support.
http://www.dukascopy.com/fxcomm/fx-article-contest/?Journey-Towards-Trader-Of-The&action=read&id=1782#read-article

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RISK-ON RISK-OFF - how do currencies perform?

Hello All,
Year 2014 started with pull back in markets. Markets which are seen as benchmark for risk trends, i.e. S&P 500, Nekkei 225, etc. However, this week S&P 500 didn't miss to get back to record new highs. This still shows that the level of complacency and confidence on the growing rally of these risky markets, are remarkable. Nonetheless, that does not mean that " Risk Off " theme has disappeared completely. In fact, i sense, it is growing bigger and bigger quietly in the back drop.
Now, …
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Convallium avatar

very interesting table)

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