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Dear Colleagues, as per the monthly chart the prices are inside a triangle and they will remain there for the next month. I expect that EURUSD will continue going down until 1.335 for the beginnming oif March.
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EURUSD Forecast
Dear Colleagues, EURUSD has touched the upper part of the triangle you can see in the monthly chart and it will start going down. The prices should reach the 1.3450 level beginning February 2014.
EUR/USD Technical Analysis
Hi traders, this is my view for EUR/USD during next August.If you see the Monthly chart (first figure) you can see a huge triangle which is forming and presently we are in the last quarter of it and it is correct to think that the prices will go up or down with a huge movement soon. The problem is that we are in the summer (August) and I do not think that this huge movement will occur during next month.If we see the weekly chart (second figure) the prices are in the middle of two support/resista…