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aslamhammad
Jun 12, 2015 6:43 PM

EURUSD Quarter or 3month view Short

Euro Fx/U.S. DollarFXCM

Description

Well in weekly term i'm expecting 1.1100$ for 1€.

In 1 month Expecting 1.0900$ for 1€ in July.

In 3 month or by September expecting Price to be around 1.0500 by August or September as i'm expecting FED interest rate to affect the price of EUR/USD. Giving investors opportunity for buying the Euro again at a low price can be cool :p. So that a double bottom forms in the monthly chart and i'm expecting the 1.1500 area to later become the neckline of this future double bottom formation, which later could also generate approx 1500pips to target Y which is 1.2000$ for 1€ by next year in 2016 which would be like a six month investment from point X 1.0500$ for 1€ :).
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