There are several technical features of EUR/USD that traders should be aware of at this point in time.
Seasonality
There is an extremely strong tendency for EUR/USD to experience its annual high or low in the month of January. In fact, in 35 of the past 46 years the annual high or low occurred in Jan -- with the high or low occurring in Feb or early Mar in another four years. I believe the high or low in EUR/USD will occur in early Jan in 2017 -- and, of course, my present bias is for a high to occur.
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Peter Brandt2016-11-16 09:21:002016-11-16 09:23:51EUR/USD, seasonality and the ADX indicator
EUR/USD
The decline on Friday (with the follow-through today) has completed a 9-month H&S top pattern, setting up a test of the lower boundary of a 20-month consolidation. As mentioned by the November 13, 2016 Factor Update, I view this H&S as the possible launching pad for the completion of the larger congestion area.
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Peter Brandt2016-11-14 11:51:582016-11-26 13:03:04Factor Alert — Eurocurrency and USDXThis content is for members only
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Peter Brandt2016-11-12 16:16:142016-11-12 16:16:14Factor Update, November 13, 2016This content is for members only
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Peter Brandt2016-11-10 14:28:222016-11-10 14:35:58Factor Alert — Freeport-McMoran Copper and Gold (FCX), Nov 10, 2016This content is for members only
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Peter Brandt2016-11-09 16:37:342016-11-09 20:34:55Factor Alert — An update on American crazinessThis content is for members only
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Peter Brandt2016-11-08 22:45:392016-11-08 22:45:39The night is still young, but …This content is for members only
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Peter Brandt2016-11-08 18:14:572016-11-08 18:14:57Factor Special Alert — Eurodollar spread