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Forex Trades 05/30 - European session - by [URL="www.forexticket.co.uk"]Forex ticket[/URL] (ex [URL="http://www.mataf.net"]mataf.net[/URL])
[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/eurusd"]EUR/USD - Euro / US Dollar[/url][/b]
[b]Entry[/b]: 1.247
[b]Stop[/b]: 1.2505
[b]Resistances[/b]: 1.2615 - 1.257 - 1.2505
[b]Supports[/b]: 1.237 - 1.242 - 1.2455

[b][img]http://www.forexticket.co.uk/images/_V3img/fleches/down_arrow_16.png[/img] [url="http://www.forexticket.co.uk/en/forex/gbpusd"]GBP/USD - British Pound / US Dollar[/url][/b]
[b]Entry[/b]: 1.562
[b]Stop[/b]: 1.5645
[b]Resistances[/b]: 1.574 ...

[B]BIAS[/B]: Losses should extend to the 1.5555-82 area

[B]Resistance[/B]:... 1.5647-56... 1.5674... 1.5691-16... 1.5740-60
[B]Support[/B]:........ 1.5627........ 1.5607... 1.5555-82... 1.5527

[B]MAIN ANALYSIS[/B]: Losses did develop below the 1.5660 gap low and down to 5 points above the 1.5602 low. I don't think this has completed the decline. I doubt we'll see a return to 1.5647-56 but that is the upside barrier and while it cap the risk is lower for a break below 1.5602-07 and down to the 1.5555-82 area. This is the favored final target but do keep in mind the deeper 1.5501-27 projections. From this low we should expect a scrappy correction back higher.

[B]COUNTER ANALYSIS[/B]: To ...

Attached Files

• The Brief Daily Forecaster.pdf (86.2 KB, 48 次查看)

AUDUSD is in consolidation of the downtrend from 1.0474. Range trading between 0.9689 and 0.9934 would likely be seen over the next several days. As long as 0.9934 resistance holds, one more fall towards 0.9500 is still possible after consolidation. However, a break above 0.9934 key resistance will indicate that the whole decline from 1.0855 (Feb 29 high) has completed at 0.9689 already, then the following upward move could bring price back to 1.0600 zone.



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