FOREX - Trends, Forecasts and Implications (Episode 17: July 2012) - page 20
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The Euro/Dollar important levels are: 1.2830, 1.2797, 1.2743, 1.2712, 1.2560, 1.2527, 1.2505, 1.2476 и 1.2409. Here we are following the development of the ascending structure from June 28. Short-term upward movement, we expect in the corridor of 1.2712 - 1.2743, breakdown of the last value should be accompanied by a pronounced upward movement, in this case the target is 1.2797. Potential value for the upside, we consider level 1.2830, upon the achievement of which we expect consolidation. Short-term downside movement, we expect after the breakdown of 1.2560, which will have negative impact on the upside structure of June 28, here targets are not defined. The range of 1.2527 - 1.2505 is the key support for the upside, its breakdown will allow to expect movement to 1.2476, before this level we expect the initial conditions for the downward cycle.
Trading recommendations:
Buy: 1.2712 Take profit: 1.2740
Buy: 1.2745 Take profit: 1.2795
Sell: 1.2560 Take profit: 1.2540
Sell: 1.2505 Take profit: 1.2480
Sell: 1.2560 Take profit: 1.2540
Sell: 1.2505 Take profit: 1.2480
Let's predict a minute, it'll be fun ;))
That's the option to follow, the euphoria after the summit is gone.
But there's a big crowd of poor souls sitting in the salls - do you think the market makers will give them their money already?
Where will they go? Of course they will, but how much are they willing to give?
Purely technically, the picture is like this...
Wednesday is US Independence Day.
I really wanted to go to America, but I guess it wasn't meant to be...))
Purely technically, the picture is like this...
Technically, the picture is like this...
))
At this rate, it will soon go downhill