I feel like the Euro may be one of the most important things we can analyze. I also feel that it is one of the hardest things to analyze, jumping wildly from rumor to rumor. However, there are trends in place and historical 3C charts have shown decent accuracy.
On the 1 min timeframe, you can see yesterday's 4 pm close, the EUR/USD is still trading slightly above $1.39
On this daily chart you can see there is serious overhead resistance at $1.40
The weekly chart shows something that looks like a long term top.
The 1 min FXE/Euro is pretty much in line with trade, even slightly positive.
The 5 min FXE chart gave up a lot of ground between yesterday and today and is leading negative.
The 15 min chart shows some of the accurate 3C divergences and right now a 15 min chart that has taken a turn for the worse in to a leading negative divergence,
The hourly chart has had some nice calls as well including the bottom which the current rally came off, but the 60 min chart is now leading negative as well.
The Euro is difficult, especially with the pace news is coming in, but this is the best edge we have right now.
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