EURUSD - Trends, Forecasts and Implications (Part 1) - page 774
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For Friday, I've already gained back. Here are the closed positions for today:
For Friday, I've already made up for it. Here's the closed positions for today:
Crossed a martin with a neural net?
There is no martin. Constant 0.1 lot.
I'm embarrassed to ask - is it a bot?
Yes, it's a bot: https://www.mql5.com/ru/code/9386
14 December. /Dow Jones/. The euro/U.S. dollar pair has been slow to respond to reversal signals from just over a week ago, and a break of the 1.4685 trend line along with a sideways trend on Friday points to a further drop in the pair this week, Barclays Capital said. A consolidation below 1.4830 would confirm this downside forecast, with the pair targeting 1.4480-50 and then 1.4280, amid low holiday-related trading volume. At the time of writing the pair was trading at 1.4652.
Where did the article come from?
Where did the article come from?
Dow Jones Newswires
Fibo
Posted at 13:00 14.12.2009
The pair broke through 1.4825, falling below the Pivot level. That in itself gives plausibility to the bearish trend that is pictured above, where the C wave from 1.2550 is complete. Even if the interpretation of this draw as wave C is incorrect, it is in wave 5 and therefore a correction is more likely. The immediate trend is bearish as long as price trades below 1.4780. Below 1.4625 I would set a target of 14410/50. Resistance would be levels: 14820, 14910, и 14970.
Analyst of FIBO Group, Nersesov Michael
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