Cyclopip

The tide seems to be turning for the euro zone and the ECB so I’m switching to a bullish EUR bias from here. EUR/CAD already made a pretty strong upside break, but I think I can still catch a pullback.

Euro bulls have been charging ever since Draghi hinted that the ECB is no longer interested to ramp up easing, causing a breakout on EUR/JPY and creating a reversal pattern on EUR/GBP. Take a look!

Nope, Dovish Draghi ain’t in town today! As it turned out, the ECB head honcho started acknowledging the positive developments in the region, causing EUR/JPY to break past that channel I was watching.

I’m counting on Dovish Draghi to step up to the podium today and cause a selloff for the euro. That’s why I’m trying to get a piece of the action with this EUR/JPY channel setup.

I’m seeing strong trends on the euro pairs and a bit of indecision for Guppy. Here are the setups I’m watching on EUR/JPY, GBP/JPY, and EUR/GBP for this week.

The Aussie has been going down under lately so my adjusted stop loss on this short EUR/AUD position got hit. Fortunately, I was able to lock in some gains even with this sharp pullback!

I don’t seem to be seeing as much action as I hoped on this AUD/CHF long position so I’ve decided to just take my profits and run. Here’s how it all turned out.

I’m starting this brand-new month with a neat technical setup on CAD/JPY. It looks like most yen pairs are on a solid downtrend lately so I’m inclined to go with the flow on this one.

We’ve got retracements and breakouts going on for EUR/JPY, GBP/JPY, and EUR/GBP but it looks like political headlines could be the main driver of price action for these pairs this week.

With all the political and financial uncertainty in the euro zone these days, I can’t help but look at another potential short EUR position. Here’s a neat technical setup I’m seeing on EUR/JPY.