FOREX TECHNICAL ANALYSIS FOR THIS WEEK
EUR/USD rose last week and set top for three years, so now there is one way to the areas I mention
Succeed to take out 1.2091 resistance and retreated, break up again on daily basis 1.2091 price level will confirm medium term rally resumption and target next key Fibonacci level at 1.2360/2560.
However, sustained price below will extend the consolidation pattern from 1.2091 with another decline through 1.1760 support.
It’s still early to decide whether price action form 1.0339 is developing into a corrective or impulsive pattern, In the bigger picture this is still seen as a corrective move for the moment.
in case of another rally, we’d expect 38.2% retracement of 1.6039 to 1.0339 at 1.2560 to limit upside and or even to yellow strip at 1.2830 and bring reversal.
Look EUR USD PRICE BELT– same in the past, if this is the case we should expect for higher area prices, but it should bring before small correction to 1.1730-1.1820 for my opinion
The euro break the top so now there is one way to the areas I mention above
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| EURU USD ANALYSIS |
USD/USD TECHNICAL VIEW: USD/JPY GBP/USD AUD /USD
Targets and sets T/P for trading strategy on those currencies once my assumptions are based on Long positions with a probability of more than 70% to get those numbers
GBP/USD to 1.3790
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| GBP USD ANALYSIS |
AUD/USD to 0.7990
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| AUDUSD ANALYSIS |
USD/JPY to 109.30
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| USD JPY ANALYSIS |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice
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