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EURUSD dissected

EURUSD dissected

The EURUSD is showings signs of waking up from its downtrend slumber and pushing to higher ground. If this bullish momentum continues, I see 2 scenarios. The first is that the EURUSD would be trading upwards till at least 1.0910 before reversing. The other scenario would be the the EURUSD trading at a higher price…

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Prices at the edges in anticipation

Prices at the edges in anticipation

I scanned through the market and see that prices are now either at long term support or long term resistance. This is a typical pattern while waiting for big news to come. Here are the levels: US Dollar Index: 100.49-99.38, 99.38-97.69, 97.69-96.12 EURUSD: 1.1183-1.0890, 1.0890-1.0618, 1.0618-1.0094 EURGBP: 0.7166-0.6986 EURAUD: 1.6023-1.4855 USDCHF: 1.0163-0.9826, 0.9826-0.9550    …

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EURUSD sell hit target

EURUSD sell hit target

On June 24th, I gave the levels to short the EURUSD. On Monday this week, we had a gap down in the EURUSD and many expected the EURUSD to plunge further after the gap down. I admit I thought I had missed the sell EURUSD boat. However the EURUSD managed to reverse its gap and…

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Did the Euro Bomb just blew

Did the Euro Bomb just blew

      1.1404 indeed is the current resistance which the EURUSD find hard to breech as mentioned in my recent post. Yesterday saw a 211 pips bearish move and this maybe the beginning of the EURUSD sell. To confirm my bearish view on the EURUSD, I would have to see the price action of…

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