EURUSD
The EURUSD opened the year at 1.3700 and fell 1.3500 in February. The trading range for the 4 quarters in 2014 are as follows:
Jan-March - 1.3500-1.4000
April-June - 1.3500-1.4000
July-Sept - 1.3500-1.2500- Strong bear
Oct-Date - 1.2500 -1.2350 – bearish continuation
What do I see? A race to the strong support at 1.2000 since 2006 is a strong possibility. The best strategy between now and the end of 2014 is to closely monitor 1000 pips in either direction from 1.2500 as follows:
For Bearish Run
1.2500-1.2000
1.2000-1.1500
The EURUSD opened the year at 1.3700 and fell 1.3500 in February. The trading range for the 4 quarters in 2014 are as follows:
Jan-March - 1.3500-1.4000
April-June - 1.3500-1.4000
July-Sept - 1.3500-1.2500- Strong bear
Oct-Date - 1.2500 -1.2350 – bearish continuation
What do I see? A race to the strong support at 1.2000 since 2006 is a strong possibility. The best strategy between now and the end of 2014 is to closely monitor 1000 pips in either direction from 1.2500 as follows:
For Bearish Run
1.2500-1.2000
1.2000-1.1500
1.1500-1.1000
For Bullish Reversal
1.2500-1.3000
1.3000-1.3500
The long-term picture from the monthly chart is that the price is extended bearish from 1.4000 since May 2014. 1.2000 is the place to watch.
See the monthly and weekly charts below.
For Bullish Reversal
1.2500-1.3000
1.3000-1.3500
The long-term picture from the monthly chart is that the price is extended bearish from 1.4000 since May 2014. 1.2000 is the place to watch.
See the monthly and weekly charts below.
Attached Images (click to enlarge)
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