EUR/USD Outlook

[acetrader007]

Euro's intra-day rally to 1.2383 suggests early
upmove fm 1.1868 to retrace MT intermediate down-
trend wud extend gain to 1.2400/10 n possibly twds
1.2450 but reckon 1.2497/00 wud remain intact today
n yield selloff tomorrow.
Hold long n take profit on such move, only below
1.2255/60 wud signal top is made, 1.2210 later...



Rate : +1.2390+
Strategy : +Target met+
Position : Long at 1.2310
Objective : 1.2390
Stop-Loss :
Resistance : 1.2410/1.2450/1.2497
Support : 1.2347/1.2298/1.2260

 

[acetrader007]

EUR/USD 5th Aug

Although euro's upmove from recent low at 1.1868
to retrace medium term downtrend is likely to
extend further gain, weakening of near term
upward momentum should limit upside to 1.2495/00
and bring retreat later to 1.2300/10 but only
break of 1.2255/60 (previous resistance) would
confirm top has been formed.

Above said 1.2500 would risk 1.2550 and possibly
1.2600 before pullback...

 

[Texas_Hedge]

Are you not just showing charts of past events here? WUD you agree