{"id":3519,"date":"2012-02-16T01:41:13","date_gmt":"2012-02-16T06:41:13","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3519"},"modified":"2012-02-16T01:41:13","modified_gmt":"2012-02-16T06:41:13","slug":"forex-euro-slides-on-greek-turmoil","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/","title":{"rendered":"Forex: Euro slides on Greek turmoil"},"content":{"rendered":"<p>The euro retreated below $1.32 USD; failure of support at $1.30 would indicate another test of primary support at $1.26. And breakout below primary support would signal a decline to $1.20*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-02-16-eur.png?w=525&#038;ssl=1\" alt=\"Euro\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 1.26 &#8211; ( 1.32 &#8211; 1.26 ) = 1.20<\/span><\/p>\n<p>Pound Sterling is retreating on the weekly chart. Respect of the zero line by 63-day Twiggs Momentum warns of another test of primary support at $1.53.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-02-16-gbp.png?w=525&#038;ssl=1\" alt=\"Pound Sterling\" \/><\/p>\n<p>Canada&#8217;s Loonie respected resistance at $1.01 and is likely to re-test its rising trendline. Recovery above $1.01 is uncertain but would signal a primary up-trend.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-02-16-cad.png?w=525&#038;ssl=1\" alt=\"Loonie\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 1.01 + ( 1.01 &#8211; 0.96 ) = 1.06<\/span><\/p>\n<p>The Aussie Dollar similarly respected resistance at $1.08 and is likely to test medium-term support and the rising trendline at $1.04. Breakout above $1.08 would indicate a primary up-trend; confirmed if 63-day Momentum respects the zero line (from above).<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-02-16-aud.png?w=525&#038;ssl=1\" alt=\"Aussie Dollar\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 1.08 + ( 1.08 &#8211; 0.96 ) = 1.20<\/span><\/p>\n<p>The US Dollar found support at R7.50 South African Rand. A rally that respects the descending trendline, however, would warn of continuation of the primary down-trend. Fall of 63-day Twiggs Momentum below zero would strengthen the bear signal.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-02-16-zar.png?w=525&#038;ssl=1\" alt=\"US Dollar\/South African Rand\" \/><\/p>\n<p>The greenback is strengthening against the Japanese Yen. Breach of the descending trendline indicates that a bottom is forming. And breakout above \u00a580 would signal the start of a primary up-trend &#8212; confirming the long-term bullish divergence on 63-day Twiggs Momentum.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-02-16-jpy.png?w=525&#038;ssl=1\" alt=\"Japanese Yen\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 80 + ( 80 &#8211; 76 ) = 84<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro retreated below $1.32 USD; failure of support at $1.30 would indicate another test of primary support at $1.26. And breakout below primary support would signal a decline to $1.20*. * Target calculation: 1.26 &#8211; ( 1.32 &#8211; 1.26 ) = 1.20 Pound Sterling is retreating on the weekly chart. Respect of the zero &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex: Euro slides on Greek turmoil&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7],"tags":[287,560,1292,1935,2727,3184],"class_list":["post-3519","post","type-post","status-publish","format-standard","hentry","category-forex","tag-aussie-dollar","tag-canadian-loonie","tag-euro","tag-japanese-yen","tag-pound-sterling","tag-south-african-rand"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex: Euro slides on Greek turmoil - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Forex: Euro slides on Greek turmoil - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The euro retreated below $1.32 USD; failure of support at $1.30 would indicate another test of primary support at $1.26. And breakout below primary support would signal a decline to $1.20*. * Target calculation: 1.26 &#8211; ( 1.32 &#8211; 1.26 ) = 1.20 Pound Sterling is retreating on the weekly chart. Respect of the zero &hellip; Continue reading &quot;Forex: Euro slides on Greek turmoil&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2012-02-16T06:41:13+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-02-16-eur.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Forex: Euro slides on Greek turmoil\",\"datePublished\":\"2012-02-16T06:41:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/\"},\"wordCount\":208,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-02-16-eur.png\",\"keywords\":[\"Aussie dollar\",\"Canadian Loonie\",\"Euro\",\"Japanese yen\",\"Pound Sterling\",\"South African Rand\"],\"articleSection\":[\"Forex\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/\",\"name\":\"Forex: Euro slides on Greek turmoil - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-02-16-eur.png\",\"datePublished\":\"2012-02-16T06:41:13+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-02-16-eur.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-02-16-eur.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/16\/forex-euro-slides-on-greek-turmoil\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Forex: Euro slides on Greek turmoil\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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And breakout below primary support would signal a decline to $1.20*. * Target calculation: 1.26 &#8211; ( 1.32 &#8211; 1.26 ) = 1.20 Pound Sterling is retreating on the weekly chart. 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","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5","name":"ColinTwiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/876c4d990bb2af282291d5f3ff81533c6deccc0c607846086647ca3272fac0ca?s=96&d=mm&r=g","caption":"ColinTwiggs"},"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/colin58s\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-UL","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":3454,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/09\/forex-euro-weak-while-aussie-dollar-strengthens\/","url_meta":{"origin":3519,"position":0},"title":"Forex: Euro weak while Aussie strengthens","author":"ColinTwiggs","date":"February 9, 2012","format":false,"excerpt":"The euro is testing resistance around $1.32 but the primary down-trend is strong. With 63-day Twiggs Momentum deep below zero, expect another test of primary support at $1.26. Breakout remains likely and would offer a target of $1.20*. * Target calculation: 1.26 - ( 1.32 - 1.26 ) = 1.20\u2026","rel":"","context":"In &quot;Forex&quot;","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5747,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/12\/forex-euro-recovers-aussie-sterling-test-support\/","url_meta":{"origin":3519,"position":1},"title":"Forex: Euro recovers, Aussie &#038; Sterling weaken","author":"Colin Twiggs","date":"October 12, 2012","format":false,"excerpt":"The Euro is headed for another re-test of resistance at $1.32 and its descending trendline. Breakout would signal a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal. Reversal below $1.26 is unlikely but would warn of another test of primary support at $1.20. * Target calculation:\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6032,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/06\/forex-euro-pound-sterling-australian-dollar-and-canadian-loonie-2\/","url_meta":{"origin":3519,"position":2},"title":"Forex: Euro, Pound Sterling, Australian Dollar and Canadian Loonie","author":"Colin Twiggs","date":"November 6, 2012","format":false,"excerpt":"The Euro is testing support at $1.28. Breakout would respect the primary down-trend, warning of another test of primary support at the 2010 low at $1.19\/1.20. Reversal of 63-day Twiggs Momentum below zero would strengthen the signal. Recovery above $1.32 is less likely but would indicate an advance to $1.35\/$1.36*.\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5840,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/25\/forex-aussie-dollar-euro-pound-sterling-and-canadas-loonie\/","url_meta":{"origin":3519,"position":3},"title":"Forex: Aussie Dollar, Euro, Pound Sterling and Canada&#039;s Loonie","author":"Colin Twiggs","date":"October 25, 2012","format":false,"excerpt":"The Aussie Dollar (daily chart) is headed for another test of resistance at $1.04 against the greenback. A 63-day Twiggs Momentum trough above zero suggests a primary up-trend. Breakout above $1.04 would offer a target of $1.06*. * Target calculation: 1.04 + ( 1.04 - 1.02 ) = 1.06 The\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3412,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/02\/02\/forex-eur-gbp-aud-cad-jpy-zar\/","url_meta":{"origin":3519,"position":4},"title":"Forex: EUR, GBP, AUD, CAD, JPY, ZAR","author":"ColinTwiggs","date":"February 2, 2012","format":false,"excerpt":"The euro remains in a strong primary down-trend. The current rally is testing resistance at $1.32, but 63 -day Twiggs Momentum continues to trend downwards. Breach of support at $1.26 would signal a down-swing to $1.20*. * Target calculation: 1.26 - ( 1.32 - 1.26 ) = 1.20 Pound Sterling\u2026","rel":"","context":"In &quot;Africa &amp; South America&quot;","block_context":{"text":"Africa &amp; South America","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/africa-south-america\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7524,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/21\/forex-euro-finds-support-while-sterling-aussie-and-loonie-fall\/","url_meta":{"origin":3519,"position":5},"title":"Forex: Euro finds support while Sterling, Aussie and Loonie fall","author":"ColinTwiggs","date":"April 21, 2013","format":false,"excerpt":"The euro respected primary support at $1.26 on the monthly chart. Follow-through above $1.32 would indicate another test of $1.37, while breakout above $1.37 would signal a primary advance to $1.50. A trough above zero on 13-week Twiggs Momentum would reinforce this. Reversal below $1.26, however, would signal a down-swing\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3519","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3519"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3519\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3519"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3519"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3519"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}