FOREX - Trends, Forecasts and Implications (Episode 5: July 2011) - page 178
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So far I see a downward channel on the euro, which still needs to be confirmed by a few candles on the right.
What a leap. Are we going to fall after it or keep going upwards?
The Euro/USD looks like this: The Euro is in a three-month low channel and in the past 2 weeks an even steeper low trend line has been formed, so we have reasons to think that the decline will continue. However, there is of course probability for breakdown of the descending trendlines and northward movement. All my assumptions about the price movement are shown in the screenshots. P.S. By the way, there is a breakdown of the tenkan-sen in the Ishimoku, so I do not exclude the northward movement up to the cloud:
Dollar/Franc 19.07.(last drop - like a rubber band stretched) Can't keep all the dough in one currency is about the franc. Target remains the same at 0.8950 (longer road)
I think that this pair (usd/chf) may bounce from the channel and go back down.
I think this pair (usd/chf) will manage to break off from the channel and go back down again. I'm not going to argue!
the lower, the further away from 8950! (this time it's a sure thing already 3 signals to buy)
I wish. We're stuck at 0.85.