Vladimir Mihaylov's Blog – May 2011 Archive (3)

EUR/USD update 31.05.2011

Almost 100 pips from open of today, and with the unemployment well below the forecast we are going short through the american session. You may go short @ levels around 1.4420 - first target 1.4370, second target 1.4330, and if a strong move we may go to 1.4280.

Don't forget to place stop 30-40 pips against you position, because there always are surprises.

Added by Vladimir Mihaylov on May 31, 2011 at 10:25am — No Comments

EUR/USD forecast 31.05.2011

Bullish trend continues and we have reached 1.4404 this morning. Good news from Germany and bad news from USA are expected. My forecast for today is LONG eur/usd , buy on a pullback to 1.4335-40 and stay long to 1.4415. Resistances at 1.4422 and 1.4433. You may stop below 1.4320, but i think for today 1.4300 should hold.

Everyone don't care what's happening in Grece, all just want to buy EUR, hoping Mr.Trichet to support EUR once again if this happens in his speech on Thursday we may…

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Added by Vladimir Mihaylov on May 31, 2011 at 3:30am — No Comments

EUR/USD forecast 30.05.2011

Hi to all of you,

This is my personal forecast,based on my trading model - here is how i see the things for today:

Dips to 1.4260 maybe seen, and they will be used to open new longs to test 1.4345, if breach of 1.4350 is successful we may go to 1.4405, where take profit of some longs will take us back to 1.4350. On the downside if 1.4250 fail to hold, we are going again to test 1.42, if this fails too, look for break of 1.4167 as it is a major level for a long time, below we…

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Added by Vladimir Mihaylov on May 30, 2011 at 3:55am — No Comments

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