This time, we are on wrong side of the market, and once again, we trade against the market. This is because, once again, we underestimated the technical analysis, and we decided to buy relatively large USD position (shorting the EUR).
Now, let see the daily EUR/USD chart. Triangle is totaly broken now, the chart suggest that EUR will eighter go up,
...or...
will fall, at least to 1.33 or more downsize to "upper" old triangle resistance line (now support) - about 1.3260. 1.3340 is different possible level.
...or...
...or...
we can say rally is over, and to expect 1.27-1.30 in week or two. However we do not believe in this at all.
We hate to say, but generaly we can not predict anything using this chart :-)
Now, lets look 1 hour chart. Trend is up. we hope the EUR to fall to down support line/level. This will be great because we will be able to sell our USD, and to load with some EURos. Downsize is 1.3320. We hope some more downsize, but this is what tech tell us.
Now let see the 30 min chart. I post it because to see different Fibonachi levels we currently have:
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1 comment:
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