Monday, July 2, 2012

Forex: Eur/Usd prediction for this week

According to my analysis based on Fibo, EU already completed retracement for downtrend and tomorrow will continue its journey to the south area a.k.a Bearish mode. The reason i said so because lime fibo(major fibo - bearish mode) already completed at area 78% which is strong resistant whereby mid term Fibo (blue-bullish trend) on last friday already projected to 78% bullish area after retrace from 38%. If you noticed, at that area, there is also 78% for main fibo (lime) provide very strong resistant for EU to overcome.So, in my opinion, its time for EU to resume its downtrend tomorrow.
-just my 2cent opinion.-

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