EURO is Heading Up to 1.2850, Then Towards a "Brick-wall Resistance" at 1.305
I commence with my gratitude to The All-Knower
I had previously forecasted (see my post 07/28/2012) that EURO shall move up higher to 1.25 and test it as resistance. Many people doubted me, and sent me some hate-mail :), and booing me that I was totally wrong and "@#$S%" and shall be proved to be so that there is more bad news coming from Europe...Well, I kept quite and I let the time to be "the Best Judge" of Who is Who? Well, since then EURO has moved up 300 PIPs higher exactly according to my forecast..... and I shall keep myself quite and not respond to the reader(s) who love to read me to find, when I am going to be wrong. (None is Correct 100% of time, Except The One Almighty, All-Knower?)
Euro has not only tested the first target of 1.250, I predicted, But it is ready to move up higher Now...
Euro has been building the side-way move to create a spring-board for next move higher.
See the charts attached. Chart 1 to the right here, is giving us first target of 1.2850, My proprietary indicator is telling me that there is more to the upside in EURO, before the momentum gets tired.Then the next chart tells (to the left) us to wait for 1.3050 before looking for any short position initiation.
