[EUR] Fundamental supports short

EUR/USD 4-hour chart, source:forexfactory.com

The some time-zone charts don't give the coincident signal and bias. The weekly chart sends the long bias in short term, the one-hour chart and the four-hour chart show the sideway drifting after the downward trend.

With the weekly chart and the monthly chart show the short bias in long term but the charts including x-hour charts show the confused flow in short term. The bollinger band in hour-size charts show sideway. The clear trend seems to need the time, I think. The daily traders need to watch the EUR/USD market carefully waiting the available trade.

The technical analysis by charts doesn't show any clear signal yet, and we are helped by economy news, that is the fundamental analysis.

We should watch Federal Reserve Board decision. The market participants predict the Fed's benchmark rate rising. They are interested 'when' and 'how many' and anticipate the hike of interest rate in next month. The hike in the interest rate supports the strong greenback.

The news from the stock market turns on red light to euro. Some economists warn the black day in the equity market.

I think circumstance of currecny pair EUR/USD may provoke bearish in the market. And if the price of currency pair rises, we need to regard it as correction and wait its fall again.

The bias to the market is short, weak Euro but strong U.S. dollar.

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