Initial Price Reaction: EURO Overlay DXY

BRIEF COMPARATIVE ANALYSIS: EURO VS US DOLLAR INDEX (DXY)

The red line chart indicates the DXY weekly range as prices have recovered by above the 96.00 basis point with an opening gap @96.30 similar with the EURUSD at the Asian opening session @1.1005, respectively. 

EURO vs. US DOLLAR INDEX As of June29, 2015 Asian / Early European Trading Sessions

Applicable Tech Tools: Donchian Channel, Andrew's Pitchfork, MA - Exponential, Candlestick Theory, OHLC Price Range Parameters, Stochastic RSI, Price Gap Theory

EURO Opening Gap in the Asian Trading session & filling the Gap towards the European and US Trading sessions. Initial reaction on the Greece weekend report 

Such price gap would have a corrective move and or an equivalent of a pullback opposite the opening price levels, which is currently doing as of this writing. Daily session turn-overs would provide traders to recoup the price difference of the opening movements as it moves to even out losses or gains made at the Asian trading session. Expect the same volatile reaction from fundamentals as it changes every trading day in the next few days activity.

 

These price action provides a chance to get out of the area of an extended price move and resumes by the end of the period. With the daily candlestick formation is well within ts projected confined triangle technically defined pattern of consolidation thinning out at the end of the apex point. Meanwhile, the market will always find a way to move within the dame incremental range of a session and goes back to where it came from by the end of the day's session in the US market. 

This will be part of the 2nd quarter trading activity MegaTrade101 would be undertaking before our trading break by the first week of July's trading week.