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EURUSD is slightly bullish and trading in a Range

EURUSD is expected to be slightly bullish considering most of the economical risks around EURO has lessen. Please find the chart analysis,

Weekly chart:

- This pair is setting up nice range since the Greek problem and expected to go slightly bullish like the chart suggested
- As the chart shows that downward pressure is low, this pair is expected to be above the half range in the pattern
- The next possible upward movement would be to touch the previous Upward Doji, but it will take some time
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ijayakumar avatar

So you are expecting this pair to go more bullish by November right... I also expect it to go more bullish fundamentally because FED dovish stand... But technically I am expecting it to finish in 1.14 - 1.15 range... Let's see!

ijayakumar avatar

As I expected, there is a bottom hit this week... Hope this pair recovers as expected!

ijayakumar avatar

Because of continuous dovishness from Euro and US dollar strength, this pair is widening from expectation by large number. Lets wait and see!

moryak avatar
moryak 14 Nov

Неделю 16 - 20 ноября 2015 года  закончит на 1,0950 и далее вниз.. Месяц ноябрь закончит в районе 1,02

ijayakumar avatar

To reach 1.02 level is highly unlikely... Euro is not that weak!

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EURUSD moving nice and slow positively

Please find the analysis from 4 hr chart.
- Nicely setting up a pattern move after the recovery from FED price moves.
- Price action shows good bullish encounter to overcome the red candles
- Strong Price action near 50 SMA yet the currency looks positive to go further before this week.
Please find the analysis from 1 hr chart,
- Green circle shows the clear bullish price action which would push the price further high
- Nicely setting up for a Fibonacci retracement and it is expected to go acc…
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ijayakumar avatar

This is still likely to happen!

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