FOREX - Trends, Forecasts and Implications (Episode 5: July 2011) - page 197
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hmmm... beautiful peak for those who want to sell at a higher price? .....
the end point of the third wave of growth ...
Hi!
ЛОНДОН, 21 июля. / Dow Jones Newswires /.
EUR/USD during the day: The July 14 high of 1.4282 will be under a new wave of upward pressure and a breakout to new 9-day highs is expected. The recovery pattern from the July 12 reaction low of 1.3837 is strong and the uptrend is expected to head towards 1.4350 resistance. A break above 1.4282 would also create room for further gains towards 1.4458. This level will become attainable with a sustained break above 1.4350. Corrective declines are limited to the 1.4166 area and only trading below this area will alarm the bulls. EUR/USD on the weekly chart: Downtrend.
Hello! LONDON, July 21. / Dow Jones Newswires /. 24 hour rolling charts: EUR/USD USD/JPY GBP/USD USD/CHF Spot at 04.44 GMT 1.4257 78.73 1.6152 0.8225 3-day trend Up Down Lateral trend Down Weekly trend Down Down 200 dn Scol.cf 1.3987 82.39 1.6053 0.9116 3rd resistance 1.4350 79.11 1.6241 0.8276 2nd resistance 1.4310 78.98 1.6192 0.8256 1st resistance 1.4282 78.93 1.6178 0.8235 Pivot point* 1.4196 78.93 1.6129 0.8210 1st support 1.4239 78.61 1.6115 0.8209 2nd support 1.4207 78.45 1.6070 0.8178 3rd support 1.4166 78.00 1.6006 0.8164 EUR/USD during the day: The July 14 high of 1.4282 will be under a new wave of upward pressure and a breakout to new 9-day highs is expected. The recovery pattern from the July 12 reaction low of 1.3837 is strong and the uptrend is expected to head towards 1.4350 resistance. A break above 1.4282 would also create room for further upside towards 1.4458. This level will become attainable with a sustained break above 1.4350. A corrective decline is capped at 1.4166 and only a trade below that area will alarm the bulls. EUR/USD on the weekly chart: Downtrend.
with a good drawdown of 40p
A breakthrough above 1.4282 will be a double failure at the first one, but we will not succeed at the second one, and at the third one we will go to 1.4370.
Time will show, as far as I am concerned, it is better to go down for a long time :)
Time will tell, for me it's better down and long :)
not for long.... but we need to go 5-6 points... and then we need to go north... or it will be too hot))))
it's too early to go south on n4...
I agree that it didn't work out, but don't forget to look at higher TFs... They're still the priority, imho... they say you can already turn around and that's why I don't look at the n4... ....
Still holding the bai, but already scared....