As correctly forecasted, EUR/USD rallied about 480 pips to take out 1.3 on the 10th trading day from the July 4 forecast. A $4797 gain for half a months of work... Fairly decent.
To view July 4, 2010 forecast, go to http://www.technicalanalysisbase.com/fx-corner/eur-usd-july-4-2010
Sanjeet Parab
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Saturday, July 24, 2010
Saturday, July 3, 2010
EUR.USD July 4, 2010- Looking for some more upside
Traders should be extremely vigilant when the EUR/USD approaches the major support and resistance levels identified on the monthly chart. Of immediate interest though is that we have two fairly strong support levels at 1.2444 and 1.2399. I personally expect a minor correction to a level just above 1.2444. A bounce of either of these levels should propel the EUR/USD to 1.3 relatively quickly.
Sanjeet Parab
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