{"id":4219,"date":"2012-04-26T03:10:33","date_gmt":"2012-04-26T07:10:33","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4219"},"modified":"2012-04-26T03:10:33","modified_gmt":"2012-04-26T07:10:33","slug":"forex-euro-and-pound-sterling","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/26\/forex-euro-and-pound-sterling\/","title":{"rendered":"Forex: Euro and Pound Sterling"},"content":{"rendered":"<p>The euro continues to test medium-term support at $1.30. With the dollar currently &#8220;the best horse in the glue factory&#8221;, support is likely to fail, signaling a re-test of the primary level at $1.26. A 63-day Twiggs Momentum peak below zero would indicate continuation of the primary down-trend; failure of primary support would confirm.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-04-25-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; ( 1.35 &#8211; 1.26 ) = 1.17<\/span><\/p>\n<p>Sterling is testing resistance at $1.62. Recovery of 63-day Twiggs Momentum above zero indicates a primary advance, but news that the <a title=\"UK recession\" href=\"http:\/\/www.businessweek.com\/ap\/2012-04\/D9UBSL2O1.htm\" target=\"_blank\">UK has dipped back into recession<\/a> may inhibit further gains. Reversal below the rising trendline would warn of another test of primary support at $1.53, while breakout above $1.62 would signal an advance to the 2011 high of $1.67.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-04-25-gbp.png?w=525&#038;ssl=1\" alt=\"Pound Sterling\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The euro continues to test medium-term support at $1.30. With the dollar currently &#8220;the best horse in the glue factory&#8221;, support is likely to fail, signaling a re-test of the primary level at $1.26. A 63-day Twiggs Momentum peak below zero would indicate continuation of the primary down-trend; failure of primary support would confirm. * &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/26\/forex-euro-and-pound-sterling\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex: Euro and Pound Sterling&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7,33],"tags":[1292,2727],"class_list":["post-4219","post","type-post","status-publish","format-standard","hentry","category-forex","category-uk-europe-countries-regions","tag-euro","tag-pound-sterling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Forex: Euro and Pound Sterling - 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 and Pound Sterling - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The euro continues to test medium-term support at $1.30. With the dollar currently &#8220;the best horse in the glue factory&#8221;, support is likely to fail, signaling a re-test of the primary level at $1.26. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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A 63-day Twiggs Momentum peak below zero would indicate continuation of the primary down-trend. In the long term, failure of $1.26 would signal a decline to the 2010 low of $1.19\/$1.20*. * Target calculation: 1.26\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":4065,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/12\/forex-euro-pound-sterling-and-yen-2\/","url_meta":{"origin":4219,"position":1},"title":"Forex: Euro, Pound Sterling and Yen","author":"Colin Twiggs","date":"April 12, 2012","format":false,"excerpt":"The Euro is again testing support at $1.30. The short weekly candle at the support level warns of a downward breakout to test primary support at $1.26. A 63-day Twiggs Momentum peak below zero would suggest continuation of the primary down-trend. In the long term, failure of $1.26 would signal\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":4314,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/09\/forex-euro-and-pound-sterling-2\/","url_meta":{"origin":4219,"position":2},"title":"Forex: Euro and Pound Sterling","author":"Colin Twiggs","date":"May 9, 2012","format":false,"excerpt":"The euro broke support at $1.30, completing a bearish descending triangle on the weekly chart and signaling another test of primary support at $1.26. In the longer term, breach of $1.26 would offer a target of $1.17*. Respect of the zero line (from below) by 63-day Twiggs Momentum strengthens the\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":4029,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/05\/forex-euro-pound-sterling-yen\/","url_meta":{"origin":4219,"position":3},"title":"Forex: Euro, Pound Sterling &#038; Yen","author":"Colin Twiggs","date":"April 5, 2012","format":false,"excerpt":"The Euro continues in a primary down-trend, with 63-day Twiggs Momentum respecting the zero line from below. Failure of medium-term support at $1.30 would indicate another test of primary support at $1.26. And breach of $1.26 would warn of a decline to $1.18*. * Target calculation: 1.26 - ( 1.34\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":4442,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/24\/forex-uk-and-europe-2\/","url_meta":{"origin":4219,"position":4},"title":"Forex: UK and Europe","author":"Colin Twiggs","date":"May 24, 2012","format":false,"excerpt":"The Euro is testing primary support at $1.26 against the greenback. A peak below zero on 63-day Twiggs Momentum indicates continuation of the primary down-trend. Failure of support would test the 2010 low of $1.19\/$1.20. * Target calculation: 1.26 - ( 1.35 - 1.26 ) = 1.17 Pound Sterling continues\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":4506,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/31\/forex-uk-and-europe-3\/","url_meta":{"origin":4219,"position":5},"title":"Forex: UK and Europe","author":"Colin Twiggs","date":"May 31, 2012","format":false,"excerpt":"The Euro broke primary support at $1.26 against the greenback. A peak below zero on 63-day Twiggs Momentum indicates continuation of the primary down-trend. Expect a test of the 2010 low at $1.19\/$1.20. * Target calculation: 1.26 - ( 1.35 - 1.26 ) = 1.17 Pound Sterling is consolidating between\u00a0\u20ac1.2350\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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4219","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4219"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4219\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}