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| EUR Forecast 05-08-12 |
I commence with my gratitude to The Creator.
EUR is setting up for big decline from hereon.
Looking at the daily charts, it has successfully completed and tested the support at the neckline of wide Head and Shoulder pattern which started off from February 1st, 2012. Based upon the H&S successful manifestation of the decline, very first target is @ 1.2800, and 1.27345, 1.2555. Based upon the alternative price projection, I am getting first support at 1.2913, 1.28471, 1.26721.
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| EUR Forecast 05-08-12 |
However, 3-days chart portends a much bigger decline. Thus, giving me first support target at 1.2528, followed by retest of June 2010 lows. Targets triggered by weekly Chart, are 1.1580, 1.1157, and finally at par with US Dollar.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
Thank you and God bless you. peace to all and remain blessed. so astrologically you think, euro zone is going to break and euro will collapse in next six months to a year after our election?. Any forecast on gold and silver? Is it time now to get into gold?
Thanks once again
Hi,
thanks for the eur/usd chart.