EURUSD PAIR OVERVIEW & NEAR TERM OUTLOOK : 01 FEB 2013
EUR/USD MOVING - MOVING & MOVING >> So the Million Dollar
question is where will the rally End ? Or still we got lot more room for
upside ...
Here we made a review of the short term trend - based on 3months calculation - that is 1 october 2012 to 31 dec 2012
THE BEST BUY & SUPP @ 1.3060 & UPSIDE TGT IS @ 1.3554/1.3707 ;
HOWEVER A CRACK BELOW 1.2884 DOWNSIDE TGT @ 1.2415/1.2262
TODAY WE MADE A HIGH OF 1.3711
SO WHAT'S NEXT - AS PER THE CALCULATION IF THE PAIR IS FOLLOWING THE
SAME PATTERN - LEVELS THEN WE CAN ASSUME THAT WE HAVE TOPPED --- HOWEVER
IF IT HAS TOPPED THEN WHERE DO WE SEE THE PROFIT BOOKING FALL OR GAP
FILLING OR TECHNICAL RETRACEMENT
HERE WE CALCULATE THE MONTHLY
PATTERN 1JAN2013 WE HAVE MADE A LOW OF 1.2999 & TODAYS HIGH 1.3711
THE RETRACEMNT TGT WILL BE 1.3438 AND A CRACK BELOW 1.3065 DOWNSIDE TGT
INTACT @ 1.2727/1.2625/1.2558
LTP - 1.3662
EURUSD PAIR OVERVIEW & NEAR TERM OUTLOOK : 01 FEB 2013
EUR/USD MOVING - MOVING & MOVING >> So the Million Dollar question is where will the rally End ? Or still we got lot more room for upside ...
Here we made a review of the short term trend - based on 3months calculation - that is 1 october 2012 to 31 dec 2012
THE BEST BUY & SUPP @ 1.3060 & UPSIDE TGT IS @ 1.3554/1.3707 ; HOWEVER A CRACK BELOW 1.2884 DOWNSIDE TGT @ 1.2415/1.2262
TODAY WE MADE A HIGH OF 1.3711
SO WHAT'S NEXT - AS PER THE CALCULATION IF THE PAIR IS FOLLOWING THE SAME PATTERN - LEVELS THEN WE CAN ASSUME THAT WE HAVE TOPPED --- HOWEVER IF IT HAS TOPPED THEN WHERE DO WE SEE THE PROFIT BOOKING FALL OR GAP FILLING OR TECHNICAL RETRACEMENT
HERE WE CALCULATE THE MONTHLY PATTERN 1JAN2013 WE HAVE MADE A LOW OF 1.2999 & TODAYS HIGH 1.3711 THE RETRACEMNT TGT WILL BE 1.3438 AND A CRACK BELOW 1.3065 DOWNSIDE TGT INTACT @ 1.2727/1.2625/1.2558
LTP - 1.3662
EUR/USD MOVING - MOVING & MOVING >> So the Million Dollar question is where will the rally End ? Or still we got lot more room for upside ...
Here we made a review of the short term trend - based on 3months calculation - that is 1 october 2012 to 31 dec 2012
THE BEST BUY & SUPP @ 1.3060 & UPSIDE TGT IS @ 1.3554/1.3707 ; HOWEVER A CRACK BELOW 1.2884 DOWNSIDE TGT @ 1.2415/1.2262
TODAY WE MADE A HIGH OF 1.3711
SO WHAT'S NEXT - AS PER THE CALCULATION IF THE PAIR IS FOLLOWING THE SAME PATTERN - LEVELS THEN WE CAN ASSUME THAT WE HAVE TOPPED --- HOWEVER IF IT HAS TOPPED THEN WHERE DO WE SEE THE PROFIT BOOKING FALL OR GAP FILLING OR TECHNICAL RETRACEMENT
HERE WE CALCULATE THE MONTHLY PATTERN 1JAN2013 WE HAVE MADE A LOW OF 1.2999 & TODAYS HIGH 1.3711 THE RETRACEMNT TGT WILL BE 1.3438 AND A CRACK BELOW 1.3065 DOWNSIDE TGT INTACT @ 1.2727/1.2625/1.2558
LTP - 1.3662
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