EUR/USD GOING TO 1.15 - NOW, 1.2 - YEAR, 1.33 - LATER

EUR/USD GOING TO 1.15 - NOW, 1.2 - YEAR, 1.33 - LATER

12 November 2015, 19:50
forexintel
2
111

I had mentioned about the possibility of EUR/USD following the upward retracement of gold price. https://www.mql5.com/en/blogs/post/654261. Even though the gold price went below the last week's low, i still haven't closed the BUY orders. The level 2 set up in both gold and EUR/USD show an increasing probability of an upward retracement than a downward price movement. Expected the downward fall to happen in the month of September itself. Since it did not happen the current level 2 set up indicates the strong possibility of an upward retracement in MN time frame.

 

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