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EUR Downtrend Gathering Steam: Themes May 25, 2014

EUR Downtrend Gathering Steam: Themes May 25, 2014

6 Years ago | May 25, 2014 00:00:00

EUR Momentum Has Turned Weaker

Some people like to look at chart points. I like to watch momentum. For my momentum analyses I use moving averages. While I look at a wide range of moving averages, some key benchmarks tend to be the 20- 50- and 100 day averages. I think of them roughly as one, two and three month levels. So, where a currency pair is trading relative to these averages can tell me a lot about which way the winds are blowing.

As for the key EURUSD pair, current levels (20-, 50-, 100-day) are 1.3787, 1.3799, 1.3738. These are all below the current spot rate of 1.3620 and reflect ongoing concerns about the impact of political uncertainty in Ukraine on European economic activity, sluggish economic demand from

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