{"id":707,"date":"2011-09-08T00:52:36","date_gmt":"2011-09-08T04:52:36","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=707"},"modified":"2011-09-08T00:52:36","modified_gmt":"2011-09-08T04:52:36","slug":"euro-tests-support","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/08\/euro-tests-support\/","title":{"rendered":"Euro tests support"},"content":{"rendered":"

Germany’s high court threw Chancellor Merkel a lifeline, ruling that bailouts of struggling euro-countries are legal in terms of the German constitution. But they also created an obstacle to further assistance, requiring that parliament vote on any future bailout decisions. [WSJ<\/a>]<\/p>\n

The euro continues to test support at $1.40 against the greenback. Failure would signal a primary down-trend with a target of $1.30*.<\/p>\n

\"EURUSD\"<\/p>\n

* Target calculation: 1.40 – ( 1.50 – 1.40 ) = 1.30<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Germany’s high court threw Chancellor Merkel a lifeline, ruling that bailouts of struggling euro-countries are legal in terms of the German constitution. But they also created an obstacle to further assistance, requiring that parliament vote on any future bailout decisions. [WSJ] The euro continues to test support at $1.40 against the greenback. Failure would signal … <\/p>\n

Continue reading “Euro tests support”<\/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":[33],"tags":[1292,1618,3301],"class_list":["post-707","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-euro","tag-greenback","tag-support"],"yoast_head":"\nEuro tests support - 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=\"Euro tests support - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Germany’s high court threw Chancellor Merkel a lifeline, ruling that bailouts of struggling euro-countries are legal in terms of the German constitution. 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Failure of support would confirm the target of $1.30*. A peak below zero on the 63-day Momentum oscillator would confirm the primary down-trend. * Target calculation: 1.40 - ( 1.50 - 1.40 ) = 1.30","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1051,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/28\/dollar-rise-as-euro-falls\/","url_meta":{"origin":707,"position":1},"title":"Dollar rise as euro falls","author":"ColinTwiggs","date":"September 28, 2011","format":false,"excerpt":"The euro is testing short-term support against the greenback at $1.35\/1.34. 63-Day Momentum (declining below zero) reminds we are in a primary down-trend. Failure of support would signal a decline to $1.30*. * Target calculation: 1.40 - ( 1.50 - 1.40 ) = 1.30 The dollar has benefited from safe\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":729,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/09\/euro-breaks-support-at-1-40\/","url_meta":{"origin":707,"position":2},"title":"Euro breaks support at $1.40","author":"ColinTwiggs","date":"September 9, 2011","format":false,"excerpt":"The euro broke support at $1.40 after a descending triangle lasting several months. Breakout was most likely precipitated by the resignation of Jurgen Stark from the ECB. Target for the breakout is $1.30*. * Target calculation: 1.40 - ( 1.50 - 1.40 ) = 1.30","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":659,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/euro-tests-primary-support-at-1-40\/","url_meta":{"origin":707,"position":3},"title":"Euro tests primary support at $1.40","author":"ColinTwiggs","date":"September 5, 2011","format":false,"excerpt":"The euro broke its medium-term trendline against the dollar at [TX] and is headed for another test of primary support at $1.40. Failure of support would offer a target of $1.30*. * Target calculation: 1.40 - ( 1.50 - 1.40 ) = 1.30","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3992,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/29\/forex-euro-pound-yen-2\/","url_meta":{"origin":707,"position":4},"title":"Forex: Euro, Pound & Yen","author":"Colin Twiggs","date":"March 29, 2012","format":false,"excerpt":"The Euro is headed for another test of resistance at $1.35. Breakout would signal an initial advance to $1.40. Recovery of 63-day Twiggs Momentum above zero would signal a primary up-trend. * Target calculation: 1.35 + ( 1.35 - 1.30 ) = 1.40 Pound Sterling displays a similar pattern, testing\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":185,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/11\/euro-descending-triangle\/","url_meta":{"origin":707,"position":5},"title":"Euro descending triangle","author":"ColinTwiggs","date":"August 11, 2011","format":false,"excerpt":"The Euro continues in a bearish descending triangle against the dollar. Breakout below $1.40 would signal a decline to test support at $1.30*. * Target calculation: 1.40 - ( 1.50 - 1.40 ) = 1.30","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/707","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=707"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/707\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}