EUR/USD Likely to Bounce at 1.5477 to 1.5435
By kickforex • Jun 23rd, 2008 • Category: Daily & Weekly Technical Analysis, UncategorizedLast week a EUR/USD one after another a rangebound trading.
The categorical operation is 1.6019 (04-22-08) to 1.5283 (05-08-08) with a 50% retracement cost during 1.5651. This cost was a tall upon Jun 20.
Based upon a short-term operation of 1.5302 (06-13-08) to 1.5651, demeanour for a retracement behind down to 1.5477 to 1.5435.
Additonal Gann point of view await is during 1.5402.
A downtrending insurgency point of view comes in during 1.5644.
The categorical direction is down formed upon a lower-top, lower-bottom pattern, however, there might be counter-trend buyers upon a initial exam of 1.5477.
The 50% prices set up await as well as insurgency during 1.5477 as well as 1.5651.
The vital Gann angles set up await as well as insurgency during 1.5644 as well as 1.5402.
Continue to demeanour for rangebound trading. The bears should watch for an increase in speed to a downside by 1.5281.
Content supposing by James Hyerczyk
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