Category: Euro

On August 24, 2024 it was noted that the Euro was expected to move to the 120 range as the US Dollar declined. Additional research revealed Euro vs. U.S. Dollar derivatives indicate this is expected to be the case. Based on the October 25, 2024 post, silver along with the Euro, should move higher over the coming months. This also implies the U.S. Dollar would be expected to move lower.

Note that this information is for educational purposes only and not a recommendation.

Euro chart courtesy of StockCharts.com.

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Over the past several years futures traders have produced consistent trading patterns. Underlying futures trading data calculations indicate the Euro will continue to follow the current descending triangle pattern. Unless something changes, a falling wedge pattern is expected to follow.

Stock chart courtesy of StockCharts.com.

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On January 20, 2024 it was noted that the Euro is expected to continue a long term decline going into 2024 and 2025. Engrbytrade™ futures trader positions still indicate this is the case. In addition to this a descending triangle is forming, and is similar to what occurred in 2020 – 2021.

Stock charts courtesy of StockCharts.com.

Disclaimer

Engrbytrade™ weekly futures trading data calculation updates indicate the Euro is conducting a rally similar to what occurred in the 2^nd quarter of 2021 and December 2009 to January 2010. Based on this update, there is an expectation the Euro will start to turn lower between December 2023 and January 2024. Additional data will be needed to identify a turning point.

Stock charts courtesy of StockCharts.com.

Disclaimer

On September 24, 2023 it was noted that the average relative value of silver derivatives moved into a position of being “Extremely Undervalued”. This is also true for the Euro. The following chart is a representative average relative value of the Euro vs. U.S. Dollar. The current position of this relative value provides an expectation that the Euro will change direction and move higher over the next several months. This aligns with the Dollar’s abrupt change in direction noted on September 26, 2023.

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On June 10, 2023, it was noted that the Euro was expected to move above 1.14 before starting a decline. Weekly intermarket futures trading data calculations from July 18, 2023 indicate the Euro moved within 1% of its peak and is currently in a structural position similar to where it was on December 9, 2020. A long term decline is expected to commence for the Euro as traders start moving into U.S. Dollars. During the Euro’s decline traders will also shift into U.S. Dollars as they move out of currencies that include the British Pound, Canadian Dollar, Japanese Yen and Swiss Franc.

Stock chart courtesy of StockCharts.com.

Disclaimer

On May 22, 2023 it was noted that the Euro would continue moving higher. Futures trading data calculations indicate the Euro is expected to complete a structure similar to what was constructed during January 2017 to December 2017 and January 2020 to December 2020 by the end of 2023. It is currently in a position similar to where it was on October 11, 2017 and October 2, 2020. A move above 1.14 is expected prior to starting a long decline.

Stock chart courtesy of StockCharts.com.

Disclaimer

As of January 3, 2023 futures trading data calculations shifted and are now indicating a high probability that the Euro will continue moving higher in 2023. Expectations for this move are based on comparable calculation results from May, 19, 2020, June 13, 2017, and September 25, 2012. Other markets will be affected and additional research is needed to evaluate the impact of this change in direction.

Stock chart courtesy of StockCharts.com.

Disclaimer

Intermarket Futures trading data calculations indicate the Euro is still in the process of completing a significantly larger structure that started in 2008 and is similar to what was developed between 1995 and 2001. The completion of the current structure would result in a target range of 0.81.

Stock chart courtesy of StockCharts.com.

Disclaimer

Based on current intermarket futures trading data calculations the Euro is expected to move down to 0.89 by the end of 2022 as the U.S. Dollar continues to move higher.

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As noted on July 13, 2021, the Euro peak structure developed between July 27, 2020 and July 12, 2021 is similar to the Euro structure developed between March 6, 2008 and August 5, 2008. The Euro will continue to decline based on engrbytrade™ structural calculations and intermarket futures trading data indicating the Euro is expected to reach 0.96 by November 2022.

Disclaimer

The Euro chart structure developed between July 27, 2020 and July 12, 2021 is similar to the Euro structure developed between March 6, 2008 and August 5, 2008.  Intermarket Futures trading data calculations relative to the U.S. Dollar indicates a decline in the Euro is expected during the remainder of 2021 that would be similar to the decline conducted from August 5, 2008 and November 30, 2008.

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