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Forecasting

This is a discussion on Forecasting within the General Discussion forums, part of the Trading Forum category; EUR/USD has been testing 1.1070 repeatedly for weeks, let's see when it will finally break out below it....

      
   
  1. #371
    Senior Member mlawson71's Avatar
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    EUR/USD has been testing 1.1070 repeatedly for weeks, let's see when it will finally break out below it.

  2. #372
    Senior Member mlawson71's Avatar
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    EUR/USD is very bearish and next week the move south will likely continue. I think we will see it drop to 1.0950.

  3. #373
    Senior Member mlawson71's Avatar
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    USD/CAD is consolidating for now, as it usually does on Mondays. The move north should eventually continue.

  4. #374
    Senior Member mlawson71's Avatar
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    USD/CAD remains undecided but I think we will see it break out above 1.3230 eventually.

  5. #375
    Senior Member mlawson71's Avatar
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    EUR/USD broke out below the support at 1.1000, next target will be around 1.0960 - 1.0950.

  6. #376
    Senior Member mlawson71's Avatar
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    USD/CAD is very slowly inching north but I suspect we won't see it break out above 1.3300 before the end of the trading week.

  7. #377
    Senior Member mlawson71's Avatar
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    So much about a breakout below 1.1000 for now. EUR/USD formed a spinning top on the daily time-frame at that level and bounced off from it, by the looks of it the pair will rally to 1.1075.

  8. #378
    Senior Member mlawson71's Avatar
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    The pair remains quite bullish so I think we will, indeed, see it rally to 1.1100 soon and it may even break out above it.

  9. #379
    Senior Member mlawson71's Avatar
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    I expected a further move south but USD/CAD found a support at 1.3190 and is now back 1.3240. Next target is around 1.3270 again.

  10. #380
    Senior Member mlawson71's Avatar
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    EUR/USD reached only 1.1080 before pulling back from that level, how it will develop from here is still unclear, I think.

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