EURUSD - Trends, Forecasts and Implications (Part 1) - page 882
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A well coordinated pattern would be: 5 pts down, 10 up, start of wave down.
Consistent with the levels.
Alternatively, we stay at 1.41 for now for a bit
and what is the conclusion of this?
и какой вывод их этого?
These are Axel levels, if you don't know what they are, read up on masterforex for example...
Fibo comment
Posted 09:35 21.01.2010
Hello!
Yesterday ended with the continuation of the strengthening of the US dollar. As expected the price went down in EUR/USD to 1.41, where it is still trading at the moment. The low was reached at 1.4079, the lowest value in the last five months.
The Dow Jones index yesterday fell significantly from resistance at 10680 and almost tested long-term uptrend support. From the looks of things, it won't have long to stay at these levels. Gold was also down almost $30 an ounce yesterday and is now trading at 1114. Oil was not far behind, down $2.20 a barrel. The transaction price is now at $78 a barrel.
The strengthening of the dollar continues amidst the bad economic situation around Greece and consequently the whole EU. Many fear that Greece will face big problems in settling the financing of its large budget deficit. And good economic data in the US has helped the dollar to strengthen a little bit more.
After it became known that China may undertake measures to cool the national economy, investors began to close risk positions, transferring money into the US dollar. Thus, the Australian, Canadian and New Zealand dollars came under pressure.
Today I do not expect a renewed push for the strengthening of the dollar, on the contrary, I assume the growth of the single currency, where the starting point is the price at 1.4079. Minimal rise should be no less than 200 pips. A sideways move is not excluded at all. Stop loss from this entry you should calculate according to your own strategy and risks.
The levels are not broken through yet and remain the same: Resistance on the Euro at 1.4570 and further at 1.4825, support at 1.4080.
Support for the Yen: 90.75, 87.75 and resistance 93.15.
Australian dollar: Resistance is about 0.9325 and support is 0.9080.
Have a nice day!
Analyst of FIBO Group, Nersesov Michael
Guys, don't kick me too much - I succeeded, I had enough experience... ))) but how to get out do not have enough - added some money and locked his minus.
Now a question: tell me how to properly destroy the lock? Thanks for the tip!
Guys, don't kick me too much - I succeeded, I had enough experience... ))) but how to get out do not have enough - added some money and locked his minus.
Now a question: tell me how to properly destroy the lock? Thanks for the tip!
>> I can help you with that.