Euro FX Futures (Sep 2012) trade ideas

LEONES

Euro is trading into a bear channel started on the 27 Dec 2013. Friday 07 Feb 2014 close is at the upper parallel line. We are in overbought territory in the short term. A trade below friday low would project the next wave down to 1.3300 support. Targeting 1.3300 during the week 17 - 21 Feb 2014.

LEONES

Euro is moving lower. Price bounced back at the 20EMA and is moving towards the bear median line. Target around 1.33370.

LEONES

The Euro currency has formed a bear flag at the median line. Further downward move is on the horizon. Target 1.3200.

LEONES

Euro trend is up and the 6days flag offers a good opportunity to enter long. Target on the median line in two weeks time.

LEONES

Market in downtrend - interesting bear flag pattern formed below the 20EMA and in proximity of the down-sloping parallel line. A trade below 1.28170 would confirm the trend continuation. Preliminary target set at 1.25300.