We have a recent uptrend in EURUSD and currently seeing a natural retracement (pullback). If we can see some support at 1.3850 and the market climb back about the 1.3865 we could see a climb all the way to the 1.3915 level which is the 1.618 Extension on this current uptrend. However, if we see the market drop a little, we could see further decline, at least...
Currently, we are on an uptrend in eur/usd. it would not surprise me to see a short correction and even a little consolidation before we see a large breakout which might not be recognized until late this year. Get ready to raise the flag!!!
We have short term momentum pushing eur/usd down with support around 1.2750. watch out for longer term trends/patterns. This might just be a short term correction on a bullish market that can push us into 2013.
potential resistance at 1.29, which is 61.8 retracement of this last upswing. if it breaks through the 1.29 figure then we should see support around 1.28 which is slightly above the 38.2 retracement of the major move which started around the end of July. Even though we might see a near term increase in eur/usd, do not forget to look at the long term trend which...
we should see this middle term EMA fall below the long term EMA which gives us direction of a bearish market. i expect that it will bounce up slightly before it makes it's swing down to 1.3000 or lower
We might see a little pullback on ALL at this 40.00 price. however, it does have nice symmetry and momentum and should expect it to climb up around $50