“Hope is [a] bogus emotion that only costs you money.” - PETER LYNCH
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Tech Targets: EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY - UOB
EUR/USD: Change to Neutral: Bullish phase ended, in a broad 1.1120/1.1375 range now. The break below 1.1200 yesterday was not surprising and indicates that the bullish EUR phase that started on the 11 Mar has ended. While further EUR strength is still expected further out, this is likely only after a period of consolidation. In other words, the outlook for the next couple weeks is viewed as neutral and we expect this pair to trade within a broad 1.1120/1.1375 range. GBP/USD: Change to Neutral: Likely in a broad 1.4050/1.4400 range. The break below the 1.4350 stop-loss resulted in a sharp drop to a low of 1.4191. The ... (full story)
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- Mar 23, 2016 3:52am Mar 23, 2016 3:52am
- SingaFX
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- aviz12
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Classical chart patterns of currencies from 15+ Year Pro Trader
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- Mar 23, 2016 5:05am Mar 23, 2016 5:05am
- priceaction1
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don't predict direction, but dance with flow of water
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