Another false move down, all holding again their LONGS and don't want to sell. Experts say this rise will be short lived, but EUR marks new highs again and again. It's interesting how far up we may go. Now EUR is @ 1.4330 and we may go up to 100 pips above in the next 16-20h from now. After that EUR will be pushed down from 4H Icimocu border. If you look at Daily chart you will see that from last Thursday we have LONG candle 200 pips then Short candle, yesterday we had again LONG candle 200 pips and now again Short candle. So i suppose today's trade will be in a narrow range above 1.43 mark. Only loose of 1.4250 may lead us back to 1.42, but this is less possible as all are waiting vote of confidence in Grece and it will pass successfully for the government in Grece.

As I've forecasted yesterday you should be bullish above 1.4310, for today expect test of 1.4410. Tomorrow will be a reversal day with drop to 1.4260, which may start even tonight.

Views: 5

Tags: EUR/USD

Comment by Peter jcp on June 21, 2011 at 12:23pm

Vladimir - reading your forecasts now everyday - what you are saying makes sense and so will be keeping an eye on the areas you mentioned -thank you and look forward to your next updates

 

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