[Branch closed!] EURUSD - Trends, Forecasts and Consequences (Episode 4) - page 338
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The pound is first on the start - to the flush...:-)
I've got plenty of popcorn waiting ))))
Sell will be there, but in my view not for long, possible reversal zone up 1.4250-1.4305, 1.4250 is key support.
Dotted line is an unlikely alternative...
Popcorn all bought))) SELLLLLLLLLLL............
How's that going?
It was a classic pennant plus dragon with legs and a divot at the tip of the pennant at the 15-minute mark (did not touch the markings):
But the pound worked out beautifully today. It's a shame I didn't post the forecast.
And here are the possible targets for the eu
The euras and the pound -- "Tamara and I go as a pair"...
Eur and Pound -- "Tamara and I walk a pair"...
* Bank of England, Fisher: if the country starts deflation, we will have to expand the QE programme
Pound reacted with a decline to 1.61...
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* The euro reacted with a slight decline
The euro/dollar pair declined from $1.4340 to $1.4320 on the ZEW Germany's weaker than forecast reading. However, bids at $1.4325/20 limited the fall. At the time of writing, the pair has managed to recover to $1.4330.
* Bank of England, Fischer: If deflation starts in the country, we will have to expand the QE program
Pound reacted with a decline to 1.61...
------------------------------------------------------------------------------------------------------------------------------
* The euro reacted with a slight decline
The Euro/Dollar pair declined from $1.4340 to $1.4320 on the ZEW Germany weaker than expected. However, bids at $1.4325/20 limited the fall. At the time of writing, the pair has managed to recover to $1.4330.
The Euro will reach the trend line, but I left the market with a big lot, I'd rather sit on the fence for now and spend a small stop-loss until the end...
Until the trend line is figured out, best not to trade, because:
DON'T BE SURE -- DON'T TRADE --- YOU'LL GET A MOOSE ANYWAY...
Like a mirror ))))