Euro Conversion Chart

EUR Conversion Charts

EUR/USD Short-Term Update EUR/USD Short-Term Update By Alexander Nikolov EURUSD: 1.2957 Short-Term Trend: downtrend Outlook: Several weeks ago we favored a short position in the 1.34/1.35 area with a target at 1.2870. The 1.2870 target was reached in the last week of 2011, so we are now flat. The daily downtrend remains strong as so far there is no evidence of a major bottom... Continue Reading | write a comment

EUR Continues Its Downtrend Against USD EUR Continues Its Downtrend Against USD By Alexander Nikolov EURUSD: 1.3042 Short-Term Trend: downtrend Outlook: A few weeks ago I favored a short position in the 1.34/1.35 area. Since then EUR has been under heavy pressure and has already declined below 1.3000 level. As the daily chart remains quite negative with prices below the declining 21-day moving average,... Continue Reading | write a comment

EUR/USD Short-Term Update EUR/USD Short-Term Update By Alexander Nikolov EURUSD: 1.3384 Short-Term Trend: downtrend Outlook: EUR was little changed last week as it traded in a tight range between roughly 1.33 and 1.3450. As the prices remain below the declining 21-day moving average, the main trend is considered strong downtrend and further losses are still expected. I am... Continue Reading | write a comment

Potential Trade Set-ups For The Week Ahead (Dec... Potential Trade Set-ups For The Week Ahead (Dec 12) By Elliott Wave Forecast Group Despite some action on the FX market in the past week, provided by the ECB rate decision and EU summitmost of the major pairs remained trapped in a range, sideways market. As such, we decided to take look on some FX crosses, such as Eur/Chf  and Eur/Aud for potential trade set-ups.  We will pay a... Continue Reading | write a comment

GBP/USD Short-Term Update GBP/USD Short-Term Update By Alexander Nikolov GBPUSD: 1.5802 Short-Term Trend: downtrend Outlook: The break below 1.5870 last week confirms the wave B from the early Oct low is over and if the presented wave count is correct, weakness twd 1.5000 lies ahead. Thus, I am bearish now as long as the prices stay below 1.6000 and 1.6100. A decline below... Continue Reading | write a comment

EUR/USD Short-Term Update

EURUSD: 1.2957 Short-Term Trend: downtrend Outlook: Several weeks ago we favored a short position in the 1.34/1.35 area with a target at 1.2870. The 1.2870 target was reached in the last week of 2011, so we are now flat. The daily downtrend remains strong as so far there is no evidence of a major bottom...

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