EUR/USD : MACD histogram : Bullish positive divegence

A positive divergence occurred between the macd histogram & the eur/usd price action, but it is a leading indication so wait the buy signal.

EUR/USD "a bullish harami occurred"

A bullish harami occurred where the current small white body is contained within an unusually large black body during a downtrend, this pattern implies an end to the decline as the bears appear to have exhausted themselves.

In the meanwhile, the EUR/USD price still inside the Bullish falling wedge formation, which means that the buy signal didn't triggered yet, "wait my buying signal"

Euro will rise very soon 25-11-2011

potential Bullish Falling wedge for the EUR/USD daily chart will Push the Euro to rise very soon,  after breaking the trend line upward this will be considered as a good buy signal.

So wait my buying signal. 

Buy Gold 24/11/2011

Now gold is witness a bottoming formation as it reached to an oversold area referring to daily Stochastic (9, 5, 3), Williams % R (14) & Ultimate oscillator with confirmation of the Bollinger bands, I think that it is a great opportunity to buy gold now and wait my sell signal to gain profits at the upward move's peak.

Livecharts.co.uk confirm my opinion on the USD/EUR chart monthly sideways

I see a daily Rising Wedge formation which is bearish , target will be at 0.701

Do not buy the US Dollar now against the Euro, the Dollar's current price zone is not bullish at all, it may be your own desire now to buy the US Dollar against the Euro, but you certainly do not aim to profit from trading FOREX, if there is no need to buy the US Dollar, would prefer to keep the Euro at least in the short term.

USD/EUR Supports & Resistances

Important support zone between 0.723 and 0.721.
Important resistance will be at 0.7447 level.


Strong support level at 0.701
Strong resistance level at 0.760

USD/EUR Sell

The Dollar/Euro Chart is in a monthly sideways starting from 21, October 2009 with a price 0.66 €, and now it is in a monthly upward move from an oversold area with a lowest price 0.669 € dated 4th of May 2011, if we look at the daily time frame we will notice that the price now is in a daily upward move starting from a price 0.701 € dated 27th of October 2011.

My opinion is that the Dollar/Euro now is in an daily over bought area refer to the Williams % R indicator and the price action is making a peak formation in all time scales, so sell dollar.