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Whether the dollar will continue the correction move upwards after the recent slump, or that it will lead to lower levels

FOREX TECHNICAL ANALYSIS 


EUR/USD 

EUR/USD as others currencies failed to stay upper levels during last weeks, we saw 1.2340  key support was taken down - this is not a good sign for more upper moves, also  two times eurusd  being rejected by 1.2560+_ price level.
for short - medium term the eur/usd now  is on the downside move , Sustained trading below 1.2340 will confirm more  retracement  and down move to 1.19+ price area . On the upside, above 1.2340  price level will confirm more upside and bring retest of 1.2560 high again .

In the bigger picture - the trend is still not over key price level retracement at 1.19+_ remains intact.
please take a closer look on historical  moves in 2002-2003 years - we can see the same patterns and moves ( pay attention to trend lines

Pay attention to the tracks of averages and price behavior
One can clearly notice the resemblance between the moves
Conclusion - As long as the blue band holds support for the Euro-Dollar pair the trend is a correction trend up
When the next step, if there is a breach of 1.2560 area I am looking for a test of 1.2830 area quickly
And there we'll look again
Conversely, breaking 1.19 will signal to us that the pair is down


EURU USD ANALYSIS
eur usd analyis
eur usd analysis



Will The Dollar Continue Its Free Fall And Drop To Levels Of $ 81-82 Or Is It A Surprise?


GBP/USD

GBP /USD as others currencies failed to stay upper levels during last weeks , we saw 1.4060  key support was taken down - this is not a good sign for more upper moves,  he went down almost 600 pips - 4% move after being rejected by 1.4360+_ price level.
for short - medium term the gbpr/usd now  is on the downside move , Sustained trading below 1.3740 will confirm more  retracement  and down move to 1.3460+ price area . On the upside, above 1.4060  price level will confirm more upside and bring retest of 1.4360 high again .

Pay attention to the tracks of averages and price behavior
Conclusion - As long as the Orange Belt holds support for the GBPUSD pair the trend is a correction trend up
When the next step, if there is a breach of 1.4360 area, I expect the 1.4930 area to be examined fairly quickly
And there we'll look again
On the other hand, breaking 1.34 will signal to us that the pair is down


GBP USD ANALYSIS
gbp usd analysis
gbp usd analysis







This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice