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nuonrg's Blog
EUR Bulls march to march
EUR Bulls have shown their muscles.
But was rejected hard after the spike into 1.39
After some profit taking, I see a channel up build towards that 1.39 again.
Price rejected the 61.8 and now the 50 % retracements.
So I believe still the 1.61 extension price of 1.42637 is into play (but that I see more happening towards the summertime in june)
For this I put the channel lines and spots to touch in the daily screenshot.
A 4 hour screenshot will show details of the start of the trend movement.
But was rejected hard after the spike into 1.39
After some profit taking, I see a channel up build towards that 1.39 again.
Price rejected the 61.8 and now the 50 % retracements.
So I believe still the 1.61 extension price of 1.42637 is into play (but that I see more happening towards the summertime in june)
For this I put the channel lines and spots to touch in the daily screenshot.
A 4 hour screenshot will show details of the start of the trend movement.
EUR/USD in ranging mode. But will go up unexpectedly
In the great monthly picture we see that the EUR/USD pair has been trembling down.But it also has been ranging in between the levels of 1.28 and 1.33.I still expect this behaviour to continue. Cause of incertainty about Syria fundamental news mostly.But also when Obama might throw in some action, the EUR has room to gain some strength again in the downwards channel towards point 3.In weekly view the range is more visible. It now is finding resistance of the 200MA.Latest reversals upwards have be…