FOREX - Trends, Forecasts and Implications (Episode 17: July 2012) - page 381
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I've been in the sells for a while now, but just in case the bai is pending and higher. The eu has been hanging around here for a long time, at a relative high. And that's scary.
Euro/Dollar important levels are: 1.2311, 1.2272, 1.2252, 1.2208, 1.2177, 1.2111, 1.2090, 1.2039, 1.2012 and 1.1957. Here from July 24 the potential for an upward cycle is formed. Short-term upward movement, we expect in the range 1.2177 - 1.2208, breakdown of the last value should be accompanied by a pronounced upward movement, in this case the target is 1.2252, in the corridor 1.2252 - 1.2272 price consolidation. As a potential value for the upside, the level of 1.2311, upon the achievement of which the pullback to the bottom is expected. Short-term downside movement, possible in the corridor of 1.2111-1.2090, the price breakdown of this range will lead to the cancellation of the ascending pattern of 24 July, and here the first target is 1.2039.
Trading recommendations:
Buy: 1.2177 Take profit: 1.2205
Buy: 1.2210 Take profit: 1.2250
Sell: 1.2090 Take profit: 1.2040
Sell: 1.2010 Take profit: 1.1960
There may be a bounce from 1.2100 and we may aim at 1.2200.
Dear, does anyone know why the site of the CFTC has not been working for the second day?
Agree in advance with the loss by contacting SL. One must be resolute in rejecting it in favour of finding other, alternative, ways to protect against the unexpected. Any market direction should be viewed prospectively and stop guessing it. The TS itself should have the ability and ability to readjust in time to changing market conditions.
Great!