FX: Euro rally pauses: By Mary McNamara

The Euro rally has taken a breather but this could just be a technical pause given its 4-week run and a break up through decent resistance for the EUR/USD. This weakness triggered a couple of breakouts and TC signals but most pairs continue to consolidate in patterns similar to that noted in my w/e analysis. There isn’t any high impact data scheduled for today so price action could waiver further; unless the batch of second tier EUR data takes grip.

BTC/USD daily: just thought I’d share how I’m seeing this shape up now given the failed H&S. Seems that more consolidation is in store. The declining Volume is note worthy:

JP-225: this breakout trade has continued on for 1,000 points. All warned about in advance here!

JP-225: chart when I warned to watch for follow-through:

JP-225: chart today showing a 1,000 point breakout move total thus far:

USDX weekly: Price action remains below the weekly 200 EMA and key 92.50 level and I’m still watching for any ‘Double Bottom’. Note the revised trend lines to help assess any new breakout.

USDX daily: revised trend lines to help gauge any new breakout:

EURX weekly: the warned about ‘Double Top’ may still evolve. Revised trend lines here as well to help assess any new breakout:

Trend line breakouts and TC signals:

EUR/USD: Euro weakness has helped trigger a breakout signal here and new TC signal.

EUR/USD 4hr: a 70 pip breakout move:

EUR/USD 15 min: a 2.5 R TC signal trade here:

EUR/NZD: Euro weakness has helped trigger a breakout signal here and new TC signal as well.

EUR/NZD 4hr:

EUR/NZD 15 min: a large Stop was needed here but the trade still worked for 100 pips and 1.5 R:

EUR/JPY: Euro weakness has helped trigger a small trend line breakout signal but a better TC signal.

EUR/JPY 4hr: note how the major 135 has held for now. This is the level to watch for any new make or break:

EUR/JPY 15 min: an early pullback here on Monday but a test of the broken 135 was always to be expected. This move triggered a great TC signal for almost 4R!