Sunday, July 29, 2012

EUR/USD Analysis and Forecast

EUR Forecast
I comence with my gratitude to The One Who Is All-Knower

I receive many requests to write on EUR.

EUR had made a lower low in prices, however, it failed to make a do so according to my proprietary indicators for reversal. That was the reason for reversal, not Dragi's statement.

Please see the attached chart.

EUR is set up for rise to $1.25 level witin a week or so.
Then it shall rise to $1.274 and $1.285. Expect a little bit of consolidation, before EUR starts its leg higher...