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

17 September 2015, 19:16
forexintel
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Level 2 and level 3 set up of moving averages, fibo, zz and chart patterns indicate the improbability of a price rise. If the eurusd price crosses this week's previous high, created on Monday, then there is a probability of a price rise in eurusd, otherwise the indication is for a fall of eurusd price to 0.965 by next month. By that time, the set up could transform to facilitate an uptrend for the price to go towards 1.33. As mentioned in a previous post, the downward movement could be highly volatile.

 

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