EURUSD~THE BIGGER PICTURELike I Will Always Say... Looking At The Bigger Picture Is Key..!!!
For All Those Following My Projections Since This Month Started...You Can All See How EURUSD Rolled Out Smoothly As Projected...
Now The Question Is Will Go As For As Hit Our Support Below @ 1.09260.?
If We Have A Pullback...It Should Run Up To 1.10769 Resistance Before Dropping Back Down... LOOKING AT THE BIGGER PICTURE..:)
The Answer Is Yes...But Might Take Some Time To Get There But Eventually It Will..!!!
See All Projected Areas Has Been Reach... No Need To Rush Or Chase The Market... Always Allow The Market To Come To You..:)
More Update To Come..!!!
Forexpower
GBPAUD BullishPrice can break the 1.83200 resistance and reach 1.8400 Weekly Key level which is respected many times and considered as a strong zone.
For now the pullback of last support has been happened already, we didn't enter there due the weekend which is not recommended as it gets risky.
We waiting happily with loaded guns for next entry confirmation near 1.8400 Weekly key level. If price fails to break this level and shows us clear rejection signals, we go short!
Forexpower Week 22 (May 25-May29) SHORT:EURUSDLast week was a killer week for USD and EUR, Where USD was killer strong and EUR was weak toward ALL other currencies. My Forepower algorithm (described earlier) gives us this as a winner pair.
So the week to come use your favorite setup and go short term: SHORT on EURUSD
Badly formated currency matrix.
EUR USD GBP JPY CAD AUD NZD CHF TOTAL
EUR -1 -1 -1 -1 -1 -1 -1 -7
USD 1 1 1 1 1 1 1 7
GBP 1 -1 -1 -1 1 -1 1 -1
JPY 1 -1 1 1 1 -1 1 3
CAD 1 -1 1 -1 1 -1 1 1
AUD 1 -1 -1 -1 -1 -1 0 -4
NZD 1 -1 1 1 1 1 1 5
CHF 1 -1 -1 -1 -1 0 -1 -4
One other pair I will keep an extra eye on this week is AUDNZD and looking for short there as well