EUR/USD going to 1.072 - Week, 0.965 - Year, 1.33 - Later

EUR/USD going to 1.072 - Week, 0.965 - Year, 1.33 - Later

14 September 2015, 01:38
forexintel
0
131

Whenever prices look menacingly closer to a free fall or a shoot up, i become aware of my greed and start to look for potential retracements. 1.101 was one such level where there was a potential reversal. Since it did not happen last week, the next price level with the potential of a reversal is 0.965. The set up of moving averages, fibo and zz does not seem to be ready for a continuous fall to 0.665 this year or next. There is obviously the possibility of price going directly to 0.665, but will know only at the end of this month.