EURUSD - Trends, Forecasts and Implications (Part 2) - page 34
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Already settled on the pound waiting for Monday, and on the eu I don't even know what to say...
Well its not going to have a five wave up and even a flat while the pound is going down would be very strange. There is an assumption that the pound may go under 1.51 for the five waves to finish, but it is unlikely. It is very useful to look at both of these pairs when you do not understand what is going on in one of them, the second one acts as a support and vice versa. In general, all these gaps at the end of the week are very similar to the interventions.
What do you think? I think from Monday morning if above 1.5100 will open, it has nowhere to go. If it is below 1.5000, we have to wait for the American currency and see how it behaves. The euras may be worth waiting for the pound. Speak up
I also think there is nowhere to grow. It has been for a long time. But something about it doesn't give a damn about my opinion. Hopefully it's already time to go down.
I also think there's nowhere to grow. It has been for a long time. But something about him doesn't give a damn about my opinion. I hope it's time to go down.
I don't doubt we're going down now, we've worked it all out and so has the eu. I wonder what we have to break before we go below the correction. Probably 1.2150 ... Hmm, not too far maybe
save it!!!
Hello there! =)
Isn't that the second wing looming, with a tip of 1.28 on the peak of the H1???
and on the yuhs seshchass daschies pour in
Strange as it may seem, the EUR will go up, and above 1.2470 (breaking through two important daily levels at once) the global trend will change.
EURUSD H4:
It is more likely that the euro will start on Monday with some slight rising attempts, but towards the European session it will start dropping as a final correction-couple wave.
EURUSD H1:
http://img175.imageshack.us/img175/6206/eurh1.gif
The above assumptions are more clearly seen on the M15 TF. Plot 1 consists of a complex triplet, while plot 2 shows a pierce of support - so a continuation of a strong rise from the current levels is practically ruled out. Also, a rise will be unlikely until line 3 is broken.
EURUSD M15:
http://img39.imageshack.us/img39/7404/eurm15.gif
On Wednesday-Thursday it will be decided about the continuation of the fall, the beginning of which I expect at the beginning of the European session on Monday. The most probable levels for the end of the wave c*ofB (green) are around 1.20-1.21.
GBP H4:
http://img714.imageshack.us/img714/4549/gbph4.gif
GBP H1:
http://img824.imageshack.us/img824/5281/gbph1.gif
After the end of the last impulse, the pound is most likely to head to the range of 4750-4800. And already by the structure of its fall it will be seen what its probability of further decrease is.
Strange as it may seem, the EUR will go up, and above 1.2470 (breaking through two important daily levels at once) the global trend will change.
argue Sklichasofsky :)