4xForecaster
Short

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

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

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:
Bullish Reversal Signaled ... | $USD $CHF #SNB #FED #forex
.

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.

Cheers,


David Alcindor
Predictive Analysis and Forecasting


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X (US Steel) - New Target @ 30.422 | #Steel #NYSE


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Disclaimer:
- Remember to remain dubious about every and any thing I say. All comments are subjective perceptions based on unshared, proprietary and common knowledge of fundamental analysis, classic technical analysis , basic and advanced pattern trading, as well as personal research in occult market geometries, predictive analysis and quant-based forecasting, some or none of which is being shared in my trading profiles, so do your due diligence and review the disclaimer below.
- Forecasts, analyses and directional opinions generated herein are for educational purposes only and are not trading recommendations. We trust that you will do your own due diligence first, then seek professional advice from a licensed professional, then enter the market at your own perils - David Alcindor - TradingView.com Alias: 4xForecaster
David Alcindor, CMT Affiliate #227974
Alias: 4xForecaster (Twitter, LinkedIn, StockTwits)

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