Salam...
Trading Range is between 1.5700 to 1.6200
1. BUY Area : 1.5943
T1 : 1.5990
T2 : 1.6050
T3 : 1.6150
2. SELL Area : 1.5903
T1 : 1.5887
T2 : 1.5823
T3 : 1.5771
Allah Hu.
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Salam and hi fxworld, Trading Range is between 1.6187 to 1.6750 1. BUY Area : 1.6541 a. T1: 1.6600 b. T2: 1.6661 c. T3: 1.6750 ...
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Bryan Rich writes: The biggest victim of the global housing and credit bubble may be the euro — the single currency of 16 European nations. ... -
Salam and hi.... Trading Range is between 1.6100 to 1.6662 1. BUY Area : 1.6349 (TP1: 1.6479 TP2: 1.6515 TP3: 1.6629) If fail CS may d...
1 comment:
Moving steady inside the falling channel on the intraday charts, the Euro approached the top of the channel five times, without breaking it, which indicates that the falling trend (for the short-term is still safe. As long as price does not break this channel to the upside, the short-term downtrend will go on, and try to reach the end of the channel, which is below 1.45, during this week.
On the other hand, if price manage to break this channel to the upside, the Euro will be free from the falling trend, and will try to reach new tops over 1.48, this week also. The most important resistance is 1.4639, which represents the top of the falling channel. Breaking this "top" will mean that we are on the way to areas above 1.47, most important of which are 1.4720 and 1.4776. The most important support is 1.4597, and breaking it means that the falling trend will try to reach Fibonacci 50% at 1.4509, or Fibonacci 61.8% at 1.4430.
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