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Possible range

Technical analysis on the EUR/USD pair for the 2nd of July.
The current trend is obviosly down and it started in the middle of April. After some observation on the Bollinger bands we can see that the price is currently attracted by the lower BB which is at about level 1.17 on the Daily chart.
The level of the relative strength index is showing deep oversold levels even under 15 on the default Daily parameters.
After looking on the weekly chart we can say that the price is even trying to reach t…
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EUR/USD has reversal bias

EUR/USD has reverse and turn bearish from recent consolidation range bound movement. The pair has traced Head and shoulder pattern and is falling towards 38.2% 91.1423) to form the wave 3 of the 1-2-3-4-5 Emotive Elliot Waves.
Main Fibonacci Levels are
0% (1.20923)
23.6% (1.18788)
38.2% (1.1423)
50% (1.1216)
61.8% (1.1009)
100% (1.0340)
Daily Chart
Weekly Chart
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USD/RUB is likely to fall

USD/RUB is likely to towards the fibonacci expansion level of 61.8% (56.0688) to trace the wave 3 of the 1-2-3-4-5 emotive elliot waves.
Main fibonacci retracement levels are:
100% (60.8414)
61.8% (59.2895)
50% (58.8101)
38.2% (58.3308)
23.6% (57.7376)
0%(56.7788)
Main Fibonacci Expansion Levels are
61.8% (56.0688)
100% (54.5168)
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Weekly Chart
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USD/PLN is inside a triangle

USD/PLN is moving inside a A-B-C-D-E Triangle pattern. The pair is likely to fall and breach the lower rising trendline that forms the ascending triangle.
Main Support and Resistant Level are
8.7161
8.5598
8.3091
8.0082
7.8578
7.7044
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Weekly Chart
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USD/MXN is likely to rise

USD/MXN is likely to rise. The pair is probably tracing the wave 1 of the 1-2-3-4-5 emotive elliot waves. The pair is currently at 38.2% (19.2018) fibonancci level and likely to fall to 23.6% (18.53187) ato trace wave 2 and rebound.
Main fibonacci retracement levels are
100% (22.0374)
61.8% (20.2846)
50% (19.7432)
38.2% (19.2017)
23.6% (18.5318)
0% (17.4489)
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Weekly Chart
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mrlfx 17 Nov.

Instead of falling towards 23.6% (18.5318), the pair has consolidated around 38.2% (19.2017). But the trend remain bullish and is likely to go up.

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mrlfx 17 Nov.

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USD/DKK likely to rise

USD/DKK is likely to further go up. The pair has form a inverted Head and Shoulder Pattern which is a bullish reversal chart Pattern.
Main Support and Resistant Levels are
6.900
6.5840
6.4870
6.3765
6.2830
6.1460
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EUR/NZD is likely to continue its bullishness

EUR/NZD is likely to continue its bullishness. The pair is probably tracing the wave 5 of the 1-2-3-4-5 Emotive Elliot Waves.
Major Support and Resistant Levels are:
1,7206
1.6689
1.6209
1.5768
1.5231
1.4560
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mrlfx 17 Nov.

The wave 5 of the 1-2-3-4-5 Emotive Elliot Wave has breakout of the upper  rising trendline. It can either correct or or go further up...

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mrlfx 17 Nov.

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EUR/JPY is likely to consolidate or reverse

EUR/JPY is likely to consolidate to form the a-b-c corrective elliot waves. The pair already has traced 1-2-3-4-5 Emotive Elliot waves.
Major Fibonacci Retracement Levels are:
0% (134.28)
23.6% (129.69)
38.2% (126.86)
50% (124.56)
61.8% (122.27)
100% (114.85)
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mrlfx 17 Nov.

EURJPY is consolidating between level of 0% (134.28) and 131.51. The pair could probably breakout instead of breaking down as continuation after tracing flag pattern.

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mrlfx 17 Nov.

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USD/CHF is likely to fall from rebound.

USD/CHF is likely to fall from the rebound and likely to continue the bearish bias. The pair is probably tracing the wave 5 of the 1-2-3-4-5 emotive elliot waves.
Major Support and Resistant Levels are:
1.0332
1.0100
0.9819
0.9418
0.9418
0.9256
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USD/JPY likely to consolidate

USD/JPY is moving inside a channel. The pair is likely consolidating levels 114.35 and 107.75.
Major Fibonacci Retracement Levels are:
0% (118.42)
23.6% (114.35)
38.2% (111.82)
50% (10879)
61.8% (107.75)
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