Rao Khassan's Blog – July 2011 Archive (2)

EURUSD 21.Jul on 5 min TF

During recent hours EURUSD declined sharply by 150 pips. I stayed short from 1.4276 and left @1.4198, but the pair showed even more downside move.

Price action can be seen like that: 

A. EURUSD retraces in 1.4205 area and continues downside move (the latter action needs another prove).



Added by Rao Khassan on July 21, 2011 at 9:50am — No Comments

EURUSD: waiting for a new high in short-term

Good day traders!

I expect another bullish impulse on EURUSD in short-term view. Let the picture below tell you more. EU is to finish wave 3 from the point of Elliott theory.

Right now Sentix Investor Confidence result was published, that is better than expected and better than in previous month.…


Added by Rao Khassan on July 4, 2011 at 8:34am — No Comments


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