Euro Update As At December 23, 2015

The EurUsd Currency pair seems to be searching for a bottom as you can see on the second chart which is a weekly chart.

Certain political events in the near future are bound to influence this par and move it out of the current range.

Here are some insights and views by various writers which you may find of interest.






Dollar Rises Against Euro - Wall Street Journal
 Wed, 23 Dec 2015 17:52:44 GMT
Wall Street JournalDollar Rises Against EuroWall Street Journal  The dollar advanced against the euro on Wednesday as some investors re-entered trades for the common currency to weaken, predicting the paths for monetary policy between central banks in ...
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Dollar ekes out gain against euro after weak eurozone data - MarketWatch
 Wed, 23 Dec 2015 21:31:55 GMT
Dollar ekes out gain against euro after weak eurozone dataMarketWatch  “French GDP for the third quarter was revised down, and consumer spending is also looking softer, which has led the euro slightly lower against the dollar,” said Will Hedden, senior ...
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Pound to Euro: Expectations of More ECB Stimulus Unlikely, Banca IMI - Pound Sterling Live
 Wed, 23 Dec 2015 10:11:22 GMT
Pound Sterling LivePound to Euro: Expectations of More ECB Stimulus Unlikely, Banca IMIPound Sterling Live  An increase in Euro-zone government bond Issuance of 150bn in Q1 2016 compared to Q4 2015, is also forecast to weigh on bond prices - but at the ...
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Study: Most Finnish residents would keep euro despite perceived economic drawbacks - YLE News
 Wed, 23 Dec 2015 13:16:00 GMT
YLE NewsStudy: Most Finnish residents would keep euro despite perceived economic drawbacksYLE News   A large number of Finnish residents believe that the economy would fare better without the euro, but a majority would still prefer to keep the common cu ...
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Pound to Euro: Today's GBP/EUR Exchange Rate Predictions and Live Conversions - Exchange Rates UK
 Wed, 23 Dec 2015 18:56:15 GMT
Profit ConfidentialPound to Euro: Today's GBP/EUR Exchange Rate Predictions and Live ConversionsExchange Rates UK   Following the uncertain result of Sunday's Spanish parliamentary elections, the Pound Sterling to Euro exchange rate has been trending sl ...
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EUR/USD – Euro Steady, US Durables Next - MarketPulse (blog)
 Wed, 23 Dec 2015 09:42:06 GMT
EUR/USD – Euro Steady, US Durables NextMarketPulse (blog)   As well, this move is expected to be the first in a series of incremental rate hikes over the course of 2016, and higher interest rates means that the US dollar will become even more attractive ...
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'Euro' and 'dollar' highest growing financial search terms on Google - Daily News Egypt
 Wed, 23 Dec 2015 23:16:34 GMT
Daily News Egypt'Euro' and 'dollar' highest growing financial search terms on GoogleDaily News Egypt   According to Google's indicators, “Price of the euro today” is the most growing search, with rates increasing by 180%. It is followed by “the price of ...
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Top Performing Currency ETF Using Relative Strength Factor Trading Strategy as at January22, 2015

The Top 5 Currency ETF's today using the Relative Strength Factor Trading Strategy are shown in this chart. (ETFScreen.com)

We can take a look at this group and make some comparisons regarding performance.

The best performer in this group is the 

PowerShares DB 3x Long US Dollar Index Futures ETN

Some statistics:

Here is a one year chart:

Here is a Point and Figure Chart showing a target price of $83.50.

Divergent Opportunities for November 4, 2014

Here are a couple 240 minute charts that may be worth watching for a couple days as there is CCI Divergence appearing.

I like to be aware of divergences between the price and indicator as it often indicates a change in direction.  Not always does direction change but price action will point out suitable entries.


For me, CCI Divergence is most useful as it is easy to spot, the indicator is made up of only one line on the chart, everything is simple.

These charts are but a small portion of the divergences I have seen in the past few minutes, I may scan my charts daily to see what opportunities I can post.

These charts are 240 minute, perhaps the Daily charts would be more useful considering the time that it takes to do the research and build the post.

Today I have posted  three current examples, however, more would be better..! and the post length will be much longer tomorrow,

Should you have any preferences regarding the time frame, please let me know and I will accomodate your request.

Good Trading!!