ImanJani

ImanJani

i believe ,we will have correction on US dollar this week and this cause to bounce Euro up to 1.27 max.

ImanJani

the bounce on the 18th is for Fed report and interest rate increase for the next year expected to continue go down to support level (100)

ImanJani

As you can see the trend couldn't break the support level and it will not break this level at least in 2014 i believe the trend will bounce back this week because the daily trend is not strong enough to break support level.

ImanJani

The above chart is not correct check the below link , still don't know how to change it Simple Head and Shoulder pattern on EURAUD chart in a daily time frame. (you can i also see this pattern of 4hrs time frame) In addition , The RSI level over Head area is less than left shoulder and it also another sign of change in this trend hopefully it'll break the...

ImanJani

Not much to add here Simple Head and Shoulder pattern on EURAUD chart in a daily time frame. In addition , The RSI level over Head area is less than left shoulder and it also another sign of change in this trend hopefully it'll break the resistant line (1.4240) next week and expected to go down to 1.40 or less

ImanJani

its my first month as a trader and i'm just playing with the chart to find a pattern based on the the pattern it's better to have long position, Your welcome to post your comments, It'll help me a lot