EURUSD Forex Forecast (24-28 September 2012)

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Forex forecast for EURUSD for next trading week — September 24-28, 2012, which is based on rules graphical analysis and of forex strategy for this site:

Referring Brokers Forex with MetaTrader 4

Analyze closing the week on important price levels for the EURUSD:

1) The week closed spark sales, but still above the dark blue trend line.

2) Sunday closed yet candles white, but more prone to sales, as the candle body and a small white top long tail.

Of course all of last week, the movement can be described as a corrective movement to the last uptrend. And as we know, the corrective movement can move in both directions and thus no clear priorities while and consider options for entering the market for buying and for sale on the important resistance levels for the price.

Just do not forget that Friday, September 28 — is the closing of the month!

Variants of the price movement and resistance levels (and therefore entry points from them) above the closing price of the week:

1) The top line of small blue channel. Sample and retest the top-down — consider options purchases.

2) The black trend line + 61.8% Fibonacci of the downward movement of last week — considering selling. The breakdown of this line and retest of the top-down — purchases.

3) Census last week’s maximum + green + long-term trend line retest purple channel line — consider selling. Particularly interested in the closure of the day on this trend line.

Break the green line of the channel and the closure of the day, and the best week above this line + retest top down — considering purchase.

4) The level of 50% of all traffic down to a maximum of 4 May 2011 + channels of one of the lines rising — consider selling.

Options transactions and resistance levels for the price, if the price moves DOWN:

1) retest the trend line + gray top and possibly a blue line down the channel — consider options sales.

2) The top line of brown channel

3) The dark blue line is the long-term trend — the approach to it from the top + brown closing the candle above the trend line — consider buying, especially interested in the closure of the day on this trend line.

The breakdown of the same trend line down and closing the day below it — consider options sales, especially if it is and will retest the bottom-up + a Fibonacci level, for example.

4) 1.2912 — a level 38.2% Fibonacci retracement of the up move with a minimum of 5 September 2012. From this level is quite possible hang up, for example, to retest the dark blue trend line.

5) Orange retest channel top-down + maybe it will retest the trend line purple + red line the channel or blue small downward. Just as interested in closing the H4 and D1 candles, on this line of the channel. When approaching from the top — consider buying. If the day closes below these lines, it is possible to move the red trend lines long.

6) Red + long-term trend line may coincide in time and the green line is the trend is up. Approach from the top — consider options purchases! It is advisable to wait for the closing of the day, even on this trend line.

If the price breaks this trend line and a day or week closes below — consider selling. Retest of the bottom-up + additional signal (eg an important Fibonacci level) — even better for sales.

7) 1.2737 — 38.2% Fibonacci level of the total upward movement with a minimum of 24 July 2012. It is also an important resistance level and it is quite possible to retreat to at least retest the red trend lines long.

8) Brown trend line: an approach from the top — consider buying, even though temporary, breakdown down and retest — sale.

9) retest blue channel lines long — considering purchase. Well, if this retest coincides also with the 61.8 with all the latest downtrend. The breakdown of the same channel line and retest the bottom-up — are considering selling.

That’s all the forex forecast for the week. Do not forget to make a prediction for myself during the week + to monitor the situation on the EURUSD in the comments to this forecast.

download the template forex forecast for MetaTrader 4 for EURUSD — 23_09_2012_eurusd.tpl (previously to decompress and put in the MT4 terminal or download the chart: If you «get off» trend lines, channels, then reformats them according to pictures in the forecast)

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