The Euro initially tried to rally during the trading session on Tuesday but ran into a buzz saw of resistance near the 1.13 level, and of course there was a lot of negativity when it came to risk appetite in general, and that of course sent traders looking for the US dollar.
The Euro rallied significantly during the trading session on Monday, breaking above the short term resistance that has been rather stringent over the last several days.
The Euro went back and forth during the trading session on Friday as you would expect because of the jobs figures in America being released.
The Euro has been beaten up pretty significantly during the trading month of March, but as we close out the month we are still sitting above the crucial 1.12 level.
The Euro rallied significantly during the trading session on Wednesday, slamming into the 1.1450 level.
The Euro initially fell during trading on Friday, continuing the negativity that we had seen the previous session as we smashed through the 1.12 level.
The Euro rallied a bit during the last couple of weeks in February, bouncing from a major support level.
The Euro has gone back and forth during trading on Friday, as we continue to show a lot of choppiness.
The Euro fell rather hard during the trading session on Monday, slicing through the 1.13 level like it wasn’t even there.
The Euro continued to grind sideways during the month of January, giving it absolutely no reason to think that the market is going to go anywhere in a substantial way anytime soon.
The Euro initially pulled back during trading on Wednesday but then shot higher from the 50 day EMA.
The Euro initially fell during trading on Wednesday but has seen a bit of support underneath the 1.14 level, to turn around and show signs of life again.
The Euro has been very choppy as of late, bouncing around in a relatively tight range.
One of the most difficult tasks that I have is a technical analyst is to predict the yearly movement of a Forex pair. However, there are some general macro events or issues that can come into play, giving me some things to think about going into the New Year.
The Euro initially tried to rally during trading on Tuesday but broke down from the 1.14 level to test the bottom of a symmetrical triangle that we are currently involved with.