Tag Archives: EUR

EURUSD Closes The Gap

Ville Vainio

150 pip drop which continued to just over 200 pips on its lowest. This was the result on market open to reflect the news about Greece not getting any more money from taxpayers around Europe. This gap has completely recovered by now and I have labelled this bottom as minute wave B. I am expecting this to start a bullish phase towards new long term highs. This minute wave C of minor wave Y is going to be 5 wave structure and the eventual target for this wave is 1.183. more…

EURUSD: Groundhog Day Is Coming

Peter Adamson

If you did not grow up in North America as I did, you may not be accustomed to the charming tradition of Groundhog Day. The groundhog is a small rodent belonging to the marmot family. On the second of February every year, children all over the continent listen to the traditional story of the groundhog. You see, it is a very timid animal. According to folklore, when the groundhog comes out of hibernation and into the open air, if the weather is sunny it sees its shadow, becomes frightened and goes back into hibernation. I that case winter lasts for another six weeks. If, on the other hand the weather is cloudy, it stays outdoors and spring will come early. more…

EUR/USD Bearish Wedge

Janne Muta

Yesterday’s US May building starts and permits divergence was good news on net but didn’t have an impact on the US Dollar Index. The 11.1% drop in housing starts from an upwardly-revised April cycle-high reflected the tail-end of the winter’s weather gyrations while an 11.8% permits surge to a robust 1.275 mln new cycle-high rate bodes well for housing activity into mid-year. Starts under construction is climbing at a healthy 14% rate into Q2, and home completions have risen 28.3% over the past two months after a 17.3% February-March setback that was likely weather-related. The surge in new home construction and completions will fuel a climb in new home sales into mid-2015. more…

EUR/CAD Break To The Upside?

Ville Vainio

June 11, 2015 @ 2:31 pm – I have gone with the triangle scenario here in EUR/CAD. This pair is again right on the support zone around 1.38 and has been rejected couple of times before. If this triangle scenario proves correct, we should see a push upwards and the thrust measurement from the triangle gives target of 1.416 for the next wave.
Remember that if this declines past 1.375 this wave count is wrong and need to be revised. more…