Vladimir Mihaylov's Blog – February 2012 Archive (2)

EUR/USD forecast 22.02.2012

Still we are moving slowly in a range and also may close this week int this narrow range. Many traders have forecsted EUR drop, but i'm still thinking there is far more room for upside movement. However the current EUR hesitation shows some uncertainty and after some more upside a massive drop will follow perhaps. We have very good support @ 1.3060 and another stronger @ 1.2970 but first of all is 1.3170.As far as we are above it - possible rise to 1.3330 if close above then prepare for…

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Added by Vladimir Mihaylov on February 22, 2012 at 4:31am — 3 Comments

EUR/USD and GOLD updated forecast

As you can see my forecast from 26.01.2012 is still valid that's the main reason for not publishing any new recently, but i think an update will be welcomed. So now please take a closer look on Weekly EUR/USD , can you see some FLAG formation there, closing the week above 1.32 will take us to 1.3550 at least. We need that correction and it will happen within next 3-4 weeks, or even earlier. On the upside first resistance is 1.3230-60 then 1.3400, and above 1.3550. Downside scenario only if…

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Added by Vladimir Mihaylov on February 7, 2012 at 11:30am — No Comments

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