Let us try to forecast the support-level channel bank? ;-)
Waiting to see what we've made in the next few hours before close down
The updated picture makes me feel like 1.0965... And (if so) then trade will progress between the red-blue channel lines until Tuesday.
I feel like its too early to reverse the downturn from the previous week, and expect to see rates around 1.096 before I change my mind (if we don't break through 1.105)
EURUSD flight of the bumblebee towards 1.095 tata-tata-taaaa ;-) www.youtube.com
EURUSD to try out lower grounds once again today.
Playing with fibo projections and time dimensions
Long-term expectations for turnabout of the recent downturn of EURUSD, and hitting levels above 1.130
Long-term strategy remains bullish for the EUR
Trying to grasp some general patterns of market development...
Expectations towards levels above 1.25* * NB! Given support level at 1.09 isn't broken. If 1.09 gets broken, we are going to fall down around 1.05
Expectations towards levels above 1.25* * NB! Given support level at 1.09 isn't broken. If 1.09 gets broken, we are going to fall down around 1.05