EURUSD - Trends, Forecasts and Implications (Part 1) - page 85
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The eve shows no sign of any major movement...
I looked at all the currency pairs against the dollar (Aussie, Canadian, New Zealand, franc, pound) Everywhere the picture is more or less the same.
The quid is ruling now, and I think it will be ruling for at least one and a half year. In the weekly intervals of course.
My opinion is that the USD will go up, but the EUR also goes to a new low.
But it looks like it is too early for that.
Most likely, it is the last growth wave, but I do not know exactly, it will be a growth with a constant acceleration up. In my opinion, it is not necessary to trade around 1.53-1.56, the account will be killed. Huge volatility is waiting for all of us there. Now, my opinion, all the pullbacks should be used only for longs, and the positions should be held till 1.53.
Then get out of the longs and move sideways.
There, in the area of 1.53-1.56 the eu will make a mess. It will throw everyone out of the market.
It may make a maximum, where it will be (the area of 1,53-1,56, or maybe even higher...). It will go off just at the moment when no one expects it.
THIS IS THE MOVEMENT THAT SHOULD BE CAUGHT!
It will be even worse than the drop of the Euro from 1.60.
If on EURUSD Now on M5 the necessary two waves are formed then it will be possible to say that the movement will go down and to which level.
Just wanted to say that the targets on many currencies for such a collapse have not been reached yet.
I myself want to go short the Aussie from 0.9065 MEGA SHORT. I am waiting for this position for a long time. To put money only for this position in a separate account, exactly as much as I am ready to sweat.
Forget about this deal for about half a year. If the money burns out, all right, and if I succeed, then ..... you know :)
So I'm wondering if I got the numbers wrong.
Can you give me some pointers, Mona?
I've got to run. I'll be back in about two hours.
Thank you all in advance.
Looks like strong support at 1.4770.
Will the Euro manage to break it? I hope not!
EURUSD (6EZ9), M30
AUDUSD The situation is heading downwards... the same is likely to happen with EURUSD...