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Trade 8 Update: Mid-Year Boom!

FX:EURUSD   Euro Fx/U.S. Dollar
496 4 1
Ending April with a boom, following through May towards a target of 1.445. :D
interesting charts... but have you checked 1.3775?? I suspect this level could be tested before hitting higher... Just a note!!
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Arrow justatrader
2 years ago
Yes, that level is a very possible outcome. My other channel which focuses on geometry rather than indicator based analysis shows the bearish possibilities that EU may face this week. Here's a link:
Apr 27, 2014 | EURUSD - Future Bearish Possibilities!
Enjoy! :D
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justatrader PRO Arrow
2 years ago
Yes, I'd give weight to your 1.3668 level bearish idea. Fits in with the overall channel too. I'm seeing a mid term descending triangle pattern targeting 1.3694, which should be ideal to long from. (http://www.mql5.com/en/charts/1789051/eurusd-lmx-h4-lmax-ltd)

CPI and NFP this week, hard to pin point which of these will make Euro bearish... (or bullish for that matter)

A weaker short term Euro fits in with my other pair of interest, EURNOK which shows a short-medium term bearish outlook followed by a bullish move. I'm guessing unchanged CPI makes Euro bearish, and Draghi expected to do something.. So maybe bullish move from next ECB press conf.. Just speculating ;) Or maybe he'll do something just for namesake and markets will teach him a lesson!!!
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Arrow justatrader
2 years ago
Anything from CPI to Pending Home Sales to NFP can create this move, but that doesn't matter really hehe.. just that it get's there within the parameters set. Though, I'm not sure how far a bullish move after that would go before continuing downwards (if we were to actually see a bearish move to begin with.)

Coming weeks should be quite volatile. It will be great! ;D
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