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DislikedPivots analysis (support and resistance)
As the gnomoneey said that there is a good chance for this pair to go to 1.294 level, I agree with that. But that is not all. 1.2926 level it's not such a big support, maybe it is only on an intra-day base analysis.
I think the big resistances are only on the upside area. I mean, the pair shifted its bias once again, as you can see in the image bellow. The price turned back from gray area where was located the neutral bias. Decreased amount of lot sizes should have been traded on that area. No doubt...Ignored
Like I've said to another forum user, the levels watched by you, excepting the one from the 1.3060 (red moving average), are unimportant from a daily perspective (only if you go under daily chart). I am not saying that you shouldn't trade them but the reaction in that zones could be minimum. Try to zoom out a little bit to see the perspective of the whole chart. So, I've posted an analysis as a response to your analysis, down bellow.
The price continued it's wedge shape down movement, after decisive breaking the 1.3380...Ignored
DislikedReason why I pointed out 3060 as my resistance level is I think that a upmove in EUR/USD will be short lived and possibility of QE from Fed will be faded away at least for now and eyes of investors will be focused more on EU situation. I could be wrong of course. 2500 6020 max in E/D for me which will drag E/C down.
Any move from 3060 upward would mean change of the sentiment and will to change current downward movement imo.
3060 is a nice level for end of corrective move.
E/G is just few pippers away from 0,81000 resistance and will be watching...Ignored
DislikedWhat is E/D, man? I admit your last post it's a little confusing. Try to focus, not become impetuous.