{"id":4314,"date":"2012-05-09T21:40:53","date_gmt":"2012-05-10T01:40:53","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4314"},"modified":"2012-05-09T21:40:53","modified_gmt":"2012-05-10T01:40:53","slug":"forex-euro-and-pound-sterling-2","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/09\/forex-euro-and-pound-sterling-2\/","title":{"rendered":"Forex: Euro and Pound Sterling"},"content":{"rendered":"

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 bear signal.<\/p>\n

\"Euro\"<\/p>\n

* Target calculation: 1.26 – ( 1.35 – 1.26 ) = 1.17<\/span><\/p>\n

Pound Sterling is in a strong primary up-trend against the euro, with 63-day Twiggs Momentum completing troughs high above zero. Target of \u00a0\u20ac1.255* for the current advance is about to be broken.<\/p>\n

\"Pound<\/p>\n

* Target calculation: 1.215 + ( 1.215 – 1.175 ) = 1.255<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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 bear signal. * Target calculation: … <\/p>\n

Continue reading “Forex: Euro and Pound Sterling”<\/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-4314","post","type-post","status-publish","format-standard","hentry","category-forex","category-uk-europe-countries-regions","tag-euro","tag-pound-sterling"],"yoast_head":"\nForex: 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 broke support at $1.30, completing a bearish descending triangle on the weekly chart and signaling another test of primary support at $1.26. 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Failure would complete a small bearish descending triangle on the weekly chart. Breach of primary support at $1,26 would offer a long-term target of $1.17*. Respect of the zero line (from below) by 63-day Twiggs Momentum would strengthen the\u2026","rel":"","context":"In "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4391,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/17\/forex-uk-and-europe\/","url_meta":{"origin":4314,"position":1},"title":"Forex: UK and Europe","author":"Colin Twiggs","date":"May 17, 2012","format":false,"excerpt":"The Euro is headed for a test of primary support at $1.26 against the greenback, after breaking support at $1.30. Respect of the zero line by 63-day Twiggs Momentum indicates continuation of the primary down-trend. Failure of support would signal a decline to $1.17*. * Target calculation: 1.26 - (\u2026","rel":"","context":"In "Forex"","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":4314,"position":2},"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 "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4219,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/26\/forex-euro-and-pound-sterling\/","url_meta":{"origin":4314,"position":3},"title":"Forex: Euro and Pound Sterling","author":"Colin Twiggs","date":"April 26, 2012","format":false,"excerpt":"The euro continues to test medium-term support at $1.30. With the dollar currently \"the best horse in the glue factory\", 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\u2026","rel":"","context":"In "Forex"","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":4314,"position":4},"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 "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4723,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/28\/forex-euro-pound-sterling-australian-dollar-and-canadian-loonie\/","url_meta":{"origin":4314,"position":5},"title":"Forex: Euro, Pound Sterling, Australian Dollar and Canadian Loonie","author":"Colin Twiggs","date":"June 28, 2012","format":false,"excerpt":"The Euro retreated below support at $1.26, indicating a test of the 2010 low at $1.19\/1.20. Breach of the rising trendline on 63-day Twiggs Momentum would strengthen the bear signal. Pound Sterling is testing resistance at $1.58 against the greenback. 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