Last 2 weeks, we had a terrible fall of Euro against Dollar. I tracked the trade here at http://www.forexstreet.net/profiles/blogs/eurusd-ascending-triangle-pattern-on-d1-charts-01-september-2011
We had a nice bouncing support on Monday at ~1.3500 levels and then the correction resulted in about +200pips to the upside.…Continue
Note: This blog post can be also considered as a followup to my previous post http://www.forexstreet.net/profiles/blogs/eurusd-weekly-chart-analysis?xg_source=activity
Its been a staggeringly consolidating…Continue
Its the end of the weekend trade and also month end, but certainly looks like a beginning of some interesting moves for EURUSD coming weeks in the month of August. I am quoting few possibilities out of my chart here and any discussions/feedback are welcome.
The triangular setup is looking familiar and the bottom of GBPCHF at 1.3070 levels is solid atleast for this week it has been. The chart is ready for a bounce to atleast 1.3250/80 levels. A sustained break above 1.3105 could confirm this. The triangles are common when the cycles are nearing or end of major waves in the wave theory, but it is also to be noted that since the major trend is downwards, it could also signal a fake breakout too, fingers…Continue