The September Euro is trading higher overnight driven by increased appetite for risk. Global equity markets are trading better which is leading investors to seek higher yields in more risky currencies like the Euro.

It is a well-known fact among serious traders and technical analysts that W.D. Gann used financial astrology or the study of natural cycles to predict turns in the market and to execute precise entries and exits.

In keeping with the theme of pattern, price and time, one has to be aware of W.D. Gann’s use of mathematics. Price and time are the most important elements governed by Gann’s mathematical techniques.

As mentioned earlier in this article, before attempting to trade the EUR USD, the trader must decide whether to follow the trend or create a system based on support/resistance.

According to W.D. Gann, time had the strongest influence on the market because when time is up, the trend changes. Pattern, Price and Time Theory in keeping with Gann’s observation, uses swing charts, anniversary dates, cycles, and the square of price to measure time.