News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
Guest Commentary: - Will you be SHAFTED by the Euro Today?

Guest Commentary: - Will you be SHAFTED by the Euro Today?

Ed Matts,,
Guest_Commentary_MarketVisionTV.com_Will_you_be_SHAFTED_by_the_Euro_Today_body_EURSHAFT.png, Guest Commentary: - Will you be SHAFTED by the Euro Today?

The Euro continues to beg the consolidation top versus trend continuation question.. by remaining within the 1.3025-1.3235 range. But it has also provided half the the consolidation has developed all the characteristics of a classic triangle. Five 3 legged moves pretty much with classic relationships to each other 61.8%.. all demonstrating the same shift or shaft in sentiment (SHAFT Triangle -> Surprise Hope Anger Frustration and Tedium). All suggesting that the triangle has ended at 1.3115 and that the Euro is poised to spike higher through 1.3120-35 to..where? Two triangle objectives firstly the distance of A 195 point from E is 1.3310 and 50% from 1.3235 projects 1.3335. As this fades the 1.34 region then we should a classic triangle thrust reversal back to the apex of 1.3115. But triangles sometimes reverse trend.. a loss of 1.3025 would equally SHAFT the market to 1.2930.

Further videos and commentaries are available from or @EdMatts on Twitter

By Ed Matts,

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.