The EUR / USD trading week began with a continuation of falling, the dynamics continues to decrease, on the way to the south of the couple are no obstacles, I think the actual purpose of this week will be about one month minimum - the level of 2454.
The EUR / USD trading week began with a continuation of falling, the dynamics continues to decrease, on the way to the south of the couple are no obstacles, I think the actual purpose of this week will be about one month minimum - the level of 2454.
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there is no big calander day today so expecting market litlle volatile..euro holding bearish character cant move above 2560 may down to 2500 today for bearish sentiment
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the open is poor for euro . 2o pips lower than weekend close. Hopefully will cover those 20 pips and gap will be filled duing mid au session. expecting 1.2580 to 1.26 zone close price.
today market might range from 1.25 to 1.260 zone .
Last edited by speculator; 2012-06-25 at 03:05 AM.
I am bearish this week - fractal has been broken. There is some scope for some pullback, but those stops at 1.24 look very tempting to be broken. Of course, if its bullish then 1.28 will be broken and the route up to 1.3 along with a lot of short covering is virtually guarenteed,
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@ Agazaman Awang
for weekly , bearish trend arm 5 has already formed but did not signal the end of arm 5 . it may continue to down or reverse we do not know. In weekly chart, as per elliot wave it is in no trade zone.
thanks
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could it making double bottom 1st this eu before jumping if double bottm ouccur the bullish strrong rocket will occur i think. to get back to 1.3xxx area i anticapited eu will down more monday and tuesday before swing back to top edensday until friday following gold movement
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Long terms charts are in favour of stronger usd and simply means we should be long in usd, be careful while buying pair eur-usd and just look for sell signals as sell on rise is the only good strategy in this pair. Major upward breakout chances look too fade.
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