The bulls in the Euro currently have the upper hand, although the advantage is slight as yet. The support trendline is shown at an angle of 16 degrees which is a 1x2 angle line for this chart derived from the slopes that the instrument is currently trading at. I have drawn another arrow trendline defining a stoploss for any long positions or bullish views on the Euro at 1.1205. This level is based on the oscillator charts and the concomitant price bar. A move past 1.1400 can be considered to be bullish for the Euro.
The latest round of talks scheduled for Monday could create some potential volatility in markets. This would most notably be transmitted through the euro, which has had substantial ups and downs depending on which rumor about a deal or no deal was out in the stratosphere..
The latest round of talks scheduled for Monday could create some potential volatility in markets. This would most notably be transmitted through the euro, which has had substantial ups and downs depending on which rumor about a deal or no deal was out in the stratosphere..