KN_FXtrader

KN_FXtrader

We see an upward trend be shaped. The yellow circle at 1.1914 might be a possible target (as retracement) and then the price could continue its donward movement. www.youtube.com

KN_FXtrader

The price would retrace before it continues its falling trend

KN_FXtrader

Both options are available in this pair

KN_FXtrader

2005 lower point is the only one resistance that keeps EUR. If this price is break we would see a real "free fall"

KN_FXtrader

THE PRICE IS FACING A STRONG RESISTANCE WHICH IS DIFFICULT TO BE BROKEN. THEREFORE I SUGGEST THE TARGETS AS SHOWN ABOVE. HOWEVER IF THE PRICE CROSS SUCCESFULLY THIS RESISTANCE THE NEXT STOP MIGHT BE FAR FAR LOWER.....

KN_FXtrader

My target is 1.5034...quite obtainable i think!!!

KN_FXtrader

We can see the theory of Elliott taking place here. Price faces a strong resistance so the uptrend is probably coming.

KN_FXtrader

STRONG BULLING MOVEMENT IN LONG TERM PERIOD. SO AS WE SEE RETRACEMENT IS GOING OVER WE SHOULD PREFER BUYING THIS PAIR

KN_FXtrader

GERMANY WOULD SURELY FACE DIFFICULTIES THIS MONTH DUE TO GREEK ELECTIONS. EUROZONE IN GENERAL, WOULD FACE UNCERTAINTY FROM THE MARKETS SO BEARISH TRADINGS MIGHT BE THE BEST OPTION. ARE POTENTAIL TARGETS ARE SHOWN IN THE CHART. BOTH ARE STRONG LONG TERM CRITICAL POINTS,

KN_FXtrader

LONG TERM TREND IS UPTREND SO WE WOULD TRUST AND BUY THIS PAIR. HOWEVER THE PRICE MOVEMENTS SHOW THAT THERE MIGHT BE A RETRACEMENT (MULTIPLE SUPPORT TESTING SO POSSIBLE BREAKOUT)

KN_FXtrader

Long Term prediction

KN_FXtrader

Considering RSI and the triple Strong resistance we can assume that EUR/USD downtrend rally migth ends in the following month. This graph is shown the weekly chart so it refers to long-term trading plans. However, it offers us a good chance for analysis. Downtrend might stop (trading plan 1), but if price continue going down we have three strong resistances that...