Update: Bear'ing Down ... Further | $EUR $USD #ECB #FED #forex

FX:EURUSD   Euro / U.S. Dollar
509 0 7

I was just posting yet another predictive analysis and forecast on $USDCHF, highlighting a market that is currently favoring the USD - See that analysis here: .

Regarding this EURUSD             pair, our most recent analysis (here: https://www.tradingview.com/v/UozTy9Yp/) was from th             top-side of a strong support (near the 1.37500), yet our predictive analysis and forecasting remained focused on two intact bearish targets ("TG-1 = 1.35285 - 26 MAR 2014" and a much more abysmal - albeit lower probability - TG-Lo = 1.31747 - 26 MAR 2014).

At this point, that support has been drilled through. While a relief rally is expected to occur, I anticipate that this prior support can be used as a protective ceiling against potential adverse excursion as the system's sight is kept down towards these targets. Next is a wider support range, which may well be acting as a lower-defining border, allowing price to consolidate in range against it and the resistance just defined above.

As more technical event occurs, I will continue to interject. For now, all is well and as forecast.


David Alcindor
Predictive Analysis and Forecasting

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David Alcindor
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