EURUSD: continues to decline


After the New Year corridor, with timings of previous forecast but with unwavering hope in mind, we continue to analyze the fractal structure with faith in our ideas. Resistance level stood, it pleases. Reducing seems to start, but buried in 1.3130 a support, where a correction in the day to the middle 1.3200  pivot is possible. But from there, with a good supply of “strength” and finally narrowing spread, we can sell and wait for 1.3000 first and then 1.2900.

EURUSD - 03.01.13


About Author

Private trader, Forex4you company analyst since 2007. Research led me to the most complete understanding of the processes taking place in the market. Afterwards, I gave up technical (classical) and fundamental analysis to focus on the price, because it brings all the necessary information. At the moment, I present not only the analytical material that helps to focus on the market, but also training services and analytical platform FAM Generator.