As mentioned in previous post, Euro bounced up to 1.3587 but came down from there. If it is unable to remain above 1.358, it will resume its downtrend, may break support of 1.35 and fall further as mentioned in long term view. Right now the target is 1.3525 if it remains below 1.3587. [CMP 1.355]
Tuesday, June 17, 2014
Monday, June 16, 2014
EURUSD: Short Term View
As mentioned in previous post, Euro short met its target of 1.353 and now it is in a pullback mode which can take it upwards up to 1.364/ 1.367. [CMP 1.3527]
Tuesday, June 10, 2014
Friday, June 6, 2014
EURUSD: Short Term View
Last view was "EURUSD is trending down and may fall up to 1.347 within few weeks", and within a week it fell near target to 1.3503 yesterday. Short term downtrend is over, pullback is taking place which may take it up to 1.38, and before that it faces strong resistance at 1.3700.
Above 1.388, it will become long term bullish.
Above 1.388, it will become long term bullish.
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