EURUSD - Trends, Forecasts and Implications (Part 3) - page 957
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The eurik has so far broken through a small one hour channel. I closed my buy with a 30 pips profit for now. By the way the 1 hour head and shoulders are starting to work themselves out!!!!
And where is the finish line?
And where is the finish line?
Gut!
In fact - it's a model called "The Failed Swing". If you're interested, here's a link where you can find it http://intermarkt.ru/content/view/177/218/
My levels are 0.8782, next 0.8718
What will happen?
What do you get?
Very much like a head and shoulders. We have to wait for the blue line to be tested - if it bounces back down there is a good chance of a move down.
NEW YORK, May 13 (ANI). /Dow Jones/. Commodity markets are volatile and some observers are calling the recent sharp downward movement in commodity futures anything but calming.
>In particular, oil and silver futures prices are said to have been particularly affected by movements in the euro as traders sought to get rid of risky assets, including commodity currencies. On the other hand, it appears that a new wave of growth awaits the Euro.
>If there is a correlation between the euro exchange rate and commodity prices, it is likely to be huge.
>Considering that the high of the 11-month uptrend is at 1.4946, a rise above 1.4460 would be a good start of recovery.