Sell the Euro against the Sterling and the Australian Dollar

Trouble in (corporate tax) paradise, by which we mean Cyprus. Does the market still care however? With the EURUSD moving towards 1.30 on Friday after not being able to break 1.2900 everything goes. We stay away from the EURUSD this time and try to short the Euro against other currencies.

Read about the Trend/Wave/Extreme system here.

EURGPB(4-HOUR) Sell

Why Sell

  • A down trend pattern
  • Trend indicators are pointing down
  • Extreme indicators are pointing overbought, indicating an up correction which may be over

Note: wait for 2 down candles before selling, as the up correction may continue further

 

EURAUD(4-HOUR) Sell

Why Sell

  • A down trend pattern
  • Trend indicators are pointing down
  • Extreme indicators are pointing overbought, indicating an up correction which may be over

Note: wait for 2 down candles before selling, as the up correction may continue further

Read about the Trend/Wave/Extreme system here.

The following is an analysis of the currency markets using the Trend/Wave/Extreme system . You can read about the system here. Please read our Risk Disclosure and Terms of Use  prior to making a trade using this information.