FOREX - Trends, Forecasts and Implications (Episode 17: July 2012) - page 445
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I was waiting for 1.2420, but I guess today is not the day.
Ok, I still have two days left till the end of the month to get to 1.2700.
Trading recommendations:
Buy: 1.2330 Take profit: 1.2370 worked out
Buy: 1.2390 Take profit: 1.2430
Sell: 1.2240 Take profit: 1.2220
Sell: 1.2216 Take profit: 1.2190
Looks like that's it for today...
it turns out that they are heading for 2220, and will take 2420 on the way back, when they run for 2485
"And on the way back - take Kazan, well, so as not to return twice" (J. Miloslavsky)
The Euro/Dollar important levels are: 1.2432, 1.2388, 1.2373, 1.2329, 1.2242, 1.2218, 1.2187 and 1.2115. Here we continue to follow the upward structure from July 24. The continuation of upward movement is expected after the breakdown of 1.2329, in this case the target is 1.2373, in the corridor 1.2373 - 1.2388 price consolidation. Potential value for the top, the level of 1.2432, upon the achievement of which the pullback to the bottom is expected. Short-term downside movement in the range 1.2242 - 1.2218, breakdown of the last one will lead to deeper correction, here target is 1.2187, from this level reversal to the top is highly probable, its breakdown will encourage development of downward structure. The level of 1.2115 is interesting from the mid-term perspective.
Trading recommendations:
Buy: 1.2330 Take profit: 1.2370 worked out
Buy: 1.2390 Take profit: 1.2430
Sell: 1.2240 Take profit: 1.2220
Sell: 1.2216 Take profit: 1.2190
Looks like that's it for today...
So the bears have been fed as warned