FOREX - Trends, Forecasts and Implications (Episode 17: July 2012) - page 313
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Forte, give the man a working TC and a few kilobucks more and he'll be happy))))
They just said on the news that Spain and someone else have asked for financial help, for fuck's sake!
Euro/Dollar important levels are: 1.2317, 1.2260, 1.2235, 1.2215, 1.2103, 1.2039, 1.2012 и 1.1957. Here we are following the development of the local downward structure from July 19. We expect continuation of downward movement after breakdown of 1.2103, in this case the target is 1.2039, in the corridor 1.2039 - 1.2012 price consolidation. Potential value for the bottom, the level of 1.1957, upon the achievement of which the pullback to the top is expected. Short term upward movement in the range 1.2215 - 1.2235, breakdown of the last one, will trigger deeper movement, here target is 1.2260, this level is the key support for the upside, its breakdown will determine the formation of the upward structure, in this case potential target is 1.2317.
Trading recommendations:
Buy: 1.2215 Take profit: 1.2235
Buy: 1.2262 Take profit: 1.2315
Sell: 1.2102 Take profit: 1.2040
Sell: 1.2010 Take profit: 1.1960
We're up. Apparently, we're going to go further down!!!
How do you know when exactly it will go up?
Dear Sir, would you kindly explain why the gap of 7/05/2012 is not closed until now and what the situation in the picture below means...