Razvan

EURUSD - Rising Wedge

FX:EURUSD   Euro / U.S. Dollar
818 13 3
EURUSD             seems to be giving us other interesting signals. A Rising Wedge took form during this week. I am still bullish for this trend, awaiting for a retest on 1.3350. A drop under 1.33 will confirm the pattern and my targets would then be 1.3250 and 1.3200.
It looks like the PA is going for a retest of 1.32375. If it holds, the pair looks on course to its first target of 1.342 followed by 1.347. A break above could see it go even higher. The retest will be key

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Razvan justatrader
Interesting view, 1.3237 looks like a good demand area...after the release of the Unemployment Claims it pushed lower...but ended up with a spike...let's where it goes from here
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key level at 1.34197...
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EU goinng down. May be a retracement up to 1.32 before continuing North
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My forecast is not for today but for the purposes of upward movement, do not rule out a return to the level of 1.3250, before continuing growth
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Razvan EldarAhmetov
On medium term euro could get to 1.35, I agree :)
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Conversely do you believe the Dollar could reach 79 in the near term.

Negative Correlation
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Razvan QuantitativeExhaustion
It could, why not? and Fed did not yet tapered the QE ...there is a chance for everything :) in my opinion, I am rather a short term price action trader...
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smeshno
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smeshno
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