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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Euro Closes for June at 11095

    Lobo
    Lobo
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    Join date : 2013-01-12

     Euro Closes for June at 11095 Empty Euro Closes for June at 11095

    Post by Lobo Fri 01 Jul 2016, 5:16 pm

     Euro Closes for June at 11095 IBEUUS-Q-7-1-2016
    The euro closed for June on the cash feed at 11095, which was just a hair under the May low of 11098. This is not a Reversal, but merely a technical indication of weakness. Support during July lies at the 10880-10810 area, and resistance begins at 11220 and 11440 with the major technical resistance way up at 13435. As the top of the channel, it would need to break above to reverse the downtrend, which does not appear likely any time soon.
     Euro Closes for June at 11095 Businessman_juggle_dollar_symbols_150_clr_18746From this May high, the euro has elected two Weekly Bearish Reversals and now we have 10790 and 10705 that we should focus on. You will see this tends to be supported technically for that uptrend line lies at 10750. There is some additional technical support at the 10600 area with technical support also at 10321 level.
    Nonetheless, we also have a Monthly Bearish at 10710.
    The decline in the euro is on schedule. We still see the dollar rally in the cards. That will unfold as the crisis in Europe develops and we have the French along with the German elections next year. The dollar should make a reaction down during the US elections on uncertainty.
    https://www.armstrongeconomics.com/markets-by-sector/foreign-exchange/euro/euro-closes-for-june-at-11095/

      Current date/time is Thu 28 Mar 2024, 11:04 am