EUR/USD Rollercoasters and Forecasting

By: Luis Angeles

Have you noticed what a bad week we’re having? Not that I’m surprised, but I can’t believe some guys are behaving as if nothing’s happening (I don’t know if this occurs in your hometown, but it happens in mine). And what were those words that Obama said? I was like: “You serious?, all the markets are in a clear downtrend and you think investors still believe US got AAA?”. Sorry Mr. President, this time you’re wrong; everything results in unpredictable and hard markets to invest in, check the graphics:

EUR/USD Analysis, August 11, 2011

Can you see that? It looks like my favorite roller coaster, which makes me think a downtrend will be seen for a while, I think the pair will hit 1.4085, so SELL it; Stochastics are supporting this with a value @92.75. Then when this price is touched, wait for a while and if nothing freaky happens in the world BUY the pair, expect profits @1.43.

Good Profits!

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