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MarkBraun

EURUSD Index

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So far we've got +412 pips :)

 

April 9 +62 pips,

April 11 +39 pips;

April 16 +131 pips,

April 22 -21 pips;

April 23 +62 pips;

April 25 -3 pips,

April 30 +74 pips,

May 15 -51 pips,

May 16 -3 pips,

May 17 +45 pips,

May 23 -78 pips,

May 24 0 pips,

May 29 -90 pips,

Jun 3 +82 pips,

Jun 10 +53 pips,

Jun 14 +27 pips,

Jun 17 -14 pips,

July 4 +97 pips.

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Euro is gaining some power after the Bernanke speech assure that the FED efforts to help economic growth will continue further not only this year but also 2014 and even 2015. That gives great confidence in the major market players to buy risk assets against the US dollar last night. Today it looks that the initial bullish impulse won’t last very long but we must see what will happen before deciding to place binary options on the EUR/USD pair...

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Yesterday's weaker NFP has significantly weakened usd against eur. It has taken the pair up near weekly open price and I think corrective moves will cause it to end below open price...

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after gaining supprot from good data of Italian prelim GDP and boost in German factory orders, the euro gained nearly 60 points on tuesday where it continues to stay in bullish zone.... 1.3266 is the critical level, above which it is safe to long euro.... breaking of 1.3320 wud result in testing 1.3335 and 1.3352...

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eur usd

 

The price is in 78.6% retracement range and a Reciprocal ab=cd harmonic pattern is seen. We are expecting to see it rose if it’s good to go and having the demand increased.

 

pcm-fx.com/forums/

5aa71206e42e9_eurusd.thumb.jpg.ce9dda58dfbb6de9c3a8e10ab7e20620.jpg

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