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Euro

Started by setravis, August 26, 2010, 09:35:10 AM

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setravis

Euro...
The euro is testing the band of support between $1.34 and $1.35. Recovery above the descending trendline would indicate respect. Breakout above $1.3850 would signal another test of $1.42*. Twiggs Momentum holding above zero is a positive sign.

* Target calculation: 1.3850 + ( 1.3850 - 1.3500 ) = 1.4200
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Euro...
The euro is headed for another test of resistance at $1.42, but bearish divergence on Twiggs Money Flow warns of another correction to test primary support at $1.28.


"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Euro...

The euro is testing medium-term resistance at $1.3850. Breakout is more likely and would test $1.42, but reversal below $1.37 would warn of another test of $1.3450. A Twiggs Momentum trough above zero would confirm a strong up-trend.

"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Euro...
The euro is testing resistance at $1.42; breakout would offer a target of $1.54*. A Twiggs Momentum trough above zero would strengthen the bull signal.

* Target calculation: 1.42 + ( 1.42 - 1.30 ) = 1.54




"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis

setravis

Euro...
The euro is testing resistance between $1.42 and $1.43. Breakout would offer a target of $1.54*. Twiggs Momentum holding above zero suggests the up-trend will continue.

* Target calculation: 1.42 + ( 1.42 - 1.30 ) = 1.54
"Success loves to hide behind challenges.
Embrace the challenge, enjoy the journey."

Do your own DD and invest based on your DD, not mine !

Semper Fi
S.E.Travis