



It’s a particularly busy week ahead. Germany wholesale inflation and Eurozone consumer confidence numbers are due out in the early part of the week.

Expect the EUR to be particularly sensitive to consumer confidence numbers.

A data deluge on Thursday will be key in the week. Finalized German GDP numbers, prelim May private-sector PMI numbers and German business sentiment figures are due out.

We will expect the focus to be on Germany’s GDP, manufacturing and business climate index figures.

Outside of the stats, ECB President Draghi speaks on Tuesday ahead of the ECB monetary policy meeting minutes due out on Thursday.

The EUR/USD ended the week down 0.67% to $1.1158.

Overall, the bias in prices is: Downwards.

The projected upper bound is: 1.12.

The projected lower bound is: 1.11.

The projected closing price is: 1.12.





Momentum Indicators


Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 5.7876. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 15 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.07. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 197 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -148.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 4 period(s) ago.



Rex Takasugi – TD Profile

FOREX EUR= closed down -0.000 at 1.115. Volume was 100% below average (consolidating) and Bollinger Bands were 44% narrower than normal.

Open High Low Close Volume___
1.116 1.117 1.115 1.115 573

Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 1.12 1.12 1.14
Volatility: 3 5 7
Volume: 101,419 120,722 136,421




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