Euro Charts

Above are the Euro charts. Top chart being the 60 minute then followed by the Daily. We were going to put up the Weekly chart for you all but then thought that would make it way too easy for you and not give you anything to think about so we decided against it in the end.

The Daily Chart is showing that the current downward trend may well have come to an end. To work this out with some more accuracy we needed to analyze a 60 minute chart which is shown below with candlesticks. The high and the low of the chart shows 50% fib time and also 89 trading bars. Although you may not be able to see it too clearly on the chart, we also have a Hammer followed by a Doji and a Spinning Top. In addition to that we have also hit 1.618 APP fib price at 1.2657 so everything is showing for this to be at or near the end of the current swing low before we start a move up.

Check the Daily 8,5,3,3 DTosc for a cross up to perhaps initiate a long position and currently the 13,8,5,5 is bullish on the 60 min chart.

Based on all the analysis, the trading bias seems to be up at least for a short while. If this is the case then based on previous analysis you will know to sell the rallies as long as we do not deal above the all important figure. If you are unsure as to what figure we are talking about then read the previous posts for last few weeks. If you are unsure as to what we are talking about altogether then get the Dynamic Trader Workshop 40 hour home training course.

As always, you must do your own analysis. The above is just a guide line and is for education purposes only.

We wish you all the best of luck with your trading this week.