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FOREX & FUTURES day & swing trader.
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  • EUR/USD Monthly update 0 comments
    Apr 2, 2011 12:56 PM

    This is an update for an original prediction for 0.75 EUR/USD

    I adjusted the channels and now we are in another top position for the Euro. Either it will start next week or in May. The USD still can make a new low to 65 (it suggests a triangle pattern continuation on the monthly) and euro could go to 1.60 again, but the chances it does such a move considering the size of the market are very very low, so I am going with a prediction of the break below 1.15 on the euro this year, that will confirm multiyear dollar uptrend, after which, the dollar should reach either 115 or 135 on the index, with the euro probably disappearing from the currencies list.


    eur/usd monthly

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