{"id":801,"date":"2011-09-14T01:17:52","date_gmt":"2011-09-14T05:17:52","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=801"},"modified":"2011-09-14T01:17:52","modified_gmt":"2011-09-14T05:17:52","slug":"euro-sinks","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/14\/euro-sinks\/","title":{"rendered":"Euro sinks"},"content":{"rendered":"

The euro found short-term support at $1.35 against the greenback but is now weakening. 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.<\/p>\n

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

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

The euro found short-term support at $1.35 against the greenback but is now weakening. 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<\/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":[1292,1309,2336],"class_list":["post-801","post","type-post","status-publish","format-standard","hentry","category-uk-europe-countries-regions","tag-euro","tag-eurusd","tag-momentum"],"yoast_head":"\nEuro sinks - 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 sinks - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The euro found short-term support at $1.35 against the greenback but is now weakening. 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The descending triangle suggests a downward breakout with a target of $1.30. Momentum crossing below zero would strengthen the signal. * Target calculation: 1.40 - ( 1.50 - 1.40 ) = 1.30 The pound\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":916,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/22\/race-to-the-bottom\/","url_meta":{"origin":801,"position":1},"title":"Race to the bottom","author":"ColinTwiggs","date":"September 22, 2011","format":false,"excerpt":"The euro is outstripping the dollar in their race to the bottom. Having respected resistance at $1.40, breakout below $1.35 would signal a test of the next major support level at $1.30*. The 63-day Momentum peak below zero confirms a strong down-trend. * Target calculation: 1.40 - ( 1.50 -\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":1051,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/28\/dollar-rise-as-euro-falls\/","url_meta":{"origin":801,"position":2},"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":1167,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/06\/pound-joins-euro-slide\/","url_meta":{"origin":801,"position":3},"title":"Pound joins Euro slide","author":"ColinTwiggs","date":"October 6, 2011","format":false,"excerpt":"Apologies. I messed up the links at the bottom of the Trading Diary newsletter. For the correct link click here. Correct links are also available on the Trading Diary web page and under Recent Posts in the right margin of this page. The euro retraced to test resistance at $1.34\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":659,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/05\/euro-tests-primary-support-at-1-40\/","url_meta":{"origin":801,"position":4},"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":729,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/09\/euro-breaks-support-at-1-40\/","url_meta":{"origin":801,"position":5},"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. 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