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Europe

EURNZD HUGE BULL RUN IS COMINGPerfect setup. The multimonth correction is in my opinion over. Look at this tasty ending diagonal, if it plays out, there is some big pips to be made. We have a dynamic impulse after the NZ-Unemployment report. It came in very weak. Market made a false breakout to the downside, and now it broke the golden trendline. Watch for a potential flag, or corrective pattern toward 1.4700/1.4730 and enter with a stop at 1.4620. Target something big higher, my first target is the 1.55 area, and then 1.72. This position has a nice Risk:Reward ratio. Keep an eye on the fundamental development. Eurozone CPI, and NZ CPI are important drivers. Please use wise moneymanagement and risk control. Blessings to you all.
Long
by IamJeanPaul
1
Rising Wedge - Shorting the EuroVolume is going down, while the price is going up. The RSI hasn't been able to even touch oversold and is stuck in a range, while the price is going up. Clear divergence on both and it is bearish. To me this Euro price action has been a healthy pullback and I am expecting this wedge to break to the downside. When it completes with good volume, I'd be shorting the market. Right now, I can't see a clear entry or exit points, but a break below 1.065 would be very bearish to me. Some important news are coming out on Thursday and Friday out of the US and I would like to see how they play out.
Short
by BitcoinMacro
EUFN: European financials are in danger hereI think we can get a retracement in the financial sector, and Europe is in worse shape than the US in general. It wouldn't surprise me to have some negative news pop out, surrounding Italy's referendum, Deutsche Bank, Italian Banks, UK banks, Brexit, etc. Quite a few potential catalysts for volatility, so, if we see this ETF break the linear regression channel support, we will probably see a rapid selloff. Keep your eyes open, it might be safer to stand aside, and book succesful long trades, or maybe even take a couple strategic shorts. Good luck, Ivan Labrie.
NASDAQ:EUFNShort
by IvanLabrie
Eurostoxx 50 : Bearish dynamic & resistance areas, better shortThe EU stocks index Eurostoxx 50 (MOY0) has made a nice rise since the Brexit (end June), but the buyers are currently facing some difficulties to go higher. In fact, the european stock market is inside a bearish dynamic since early 2015, as characterized by the downside trendline resistance (blue) and the bearish 200 days moving average. In this case, the sellers are likely to become majoritary again due the the following reasons : - Proximity with the downside trendline resistance - Beginning of a retreat at 3100 points, first resistance - This resistance area matches with the 50% retracement of the violent drop we have seen in december - february. Both the long term dynamics and levels should prevent the buyers to go further and initiate a pull back to where markets were in september. Here is the precise strategy : - Open short at the current price (3080 points on Friday close) - Stop @ 3120 pts (above the resistance for market noise) - First target @ 3025 points (close 50% of the position, reward/risk = 1.38) - Second target @ 2940 points (close the other 50% of the position, reward/risk = 3.5)
INDEX:SX5EShort
by AlexandreNygal