Hello all.
I thought i share some of my thought with you about my outlook for the next week. As for start i would like to remind you that this is purely my outlook and i do appreciate other that do not share the same views as I do.So all thought and comments are welcome for discussion
My sentiment for next week would be bullish overall.
Althought i expect the bullish move to start wednesday when we have purely fundamental-news driven market. The first 2 days might slide with a small bearish flavor down to 2945-60 area, where it meets the 4H decending trendline from top 3170, and we have 61,8 fib retracment from the last uptrend from 2825 to 3139.
We have very difficult week coming, prior to variety of fundametal-news coming from both continents And we might get some news about Spanish bailout and the Greeks' debt buy-back scheme (that could lift the €).
Monday,Tuesday I am expecting sideways movment (with a small decline in price max to (2945-60 area) where i am looking for opprotunities to go long.
Wednesday-thursday are purely fundamental days that i expect to lift the euro to new highs.
Friday has some fundamental factors from US and Also Spanish unemployment rate that could trigger a retrace in price from new highs.
This is my Sunday survay, but i will recalculate and do a survey on tomorrow morning when the markets are open. A upward movment from the important 3020 area is also in the play.So waiting for the markets to open.
Thank you
I thought i share some of my thought with you about my outlook for the next week. As for start i would like to remind you that this is purely my outlook and i do appreciate other that do not share the same views as I do.So all thought and comments are welcome for discussion
My sentiment for next week would be bullish overall.
Althought i expect the bullish move to start wednesday when we have purely fundamental-news driven market. The first 2 days might slide with a small bearish flavor down to 2945-60 area, where it meets the 4H decending trendline from top 3170, and we have 61,8 fib retracment from the last uptrend from 2825 to 3139.
We have very difficult week coming, prior to variety of fundametal-news coming from both continents And we might get some news about Spanish bailout and the Greeks' debt buy-back scheme (that could lift the €).
Monday,Tuesday I am expecting sideways movment (with a small decline in price max to (2945-60 area) where i am looking for opprotunities to go long.
Wednesday-thursday are purely fundamental days that i expect to lift the euro to new highs.
Friday has some fundamental factors from US and Also Spanish unemployment rate that could trigger a retrace in price from new highs.
This is my Sunday survay, but i will recalculate and do a survey on tomorrow morning when the markets are open. A upward movment from the important 3020 area is also in the play.So waiting for the markets to open.
Thank you
