Euro/USD Spot Seems Poised for a Run Higher

The Euro/USD Spot rate Top 10 matches almost unanimously suggest a move higher.

Aug 20 2013

Instruments EUR USD  

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The Euro/USD Spot rate Top 10 matches almost unanimously suggest a move higher. Let’s run through some charts and data to support our hypothesis. P+ Matches suggest the last 100-days of the Euro very closely resembles periods in 1979, 1986, 2007, 1990 and 2006, as shown below (and available for our Premium Members every day. )

EURUSD_looks_like_1979___Pattern_Positive

While the Top Match shows some volatility in its future price activity, the next four best matches show continued moves higher. Again, these are readily available to our Premium Members.

EURUSD_looks_like_1979___Pattern_Positive 2

EURUSD_looks_like_1979___Pattern_Positive 3

We’d also note that that the match statistics firmly support a move higher, with both the Mean and Median returns pointing higher, as well as as more than 68% of matches going higher in the next 5-days.

EURUSD_looks_like_1979___Pattern_Positive 4

If you want to see charts and statistics like those above in 20 instruments that detail the next closest matches for deeper analysis, Click here to sign up for P+ Premium.

 

 

 

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