EURUSD Forex Forecast (July 30 — August 3, 2012)

EURUSD forex trading forecast for next week: July 30 — August 3, 2012, in accordance with the rules and graphical analysis of forex strategies forex this site

Recommended for forecasting Forex brokers with MetaTrader 4

A brief analysis of the closing week on important price levels:

1) Sunday closed confident buying candles, and she swallowed the last two black candles.

2) Price is above the green long-term trend line + above the purple line.

3) A candle is closed on Friday, though a white candle, the candle but still with a tail on top, and then backtracking down on Monday, are quite possible.

It should be noted that on Tuesday closed a month. Hence the first 2 days of the week will be decisive for the further prospects of the market.

As always, consider the important levels for purchases and sales in the next week.

Options Forex Signals for transactions above the price of the closing market price levels + are important:

1) The first resistance level — is dashed on Friday knocked the green channel, the retest is his bottom-up is quite possible, but I have begun to pay attention to it, but if the price is slowly fit for him on Monday. I assume only that the trend is still upward the last few days and the price bounces from a more serious level of resistance — purple trend line.

2) The most important resistance level — it’s still the top line of the blue background of the channel. This is the third approach to the channel line and hang down quite possible. Although the priority purchases in my opinion there, but maybe after some correction … If the price breaks through the line after all the channel, we are more interested in the retest was punched background channel and even in the presence of some signals, you can make deals to buy .

3) The level of 1.2444 — 61.8% Fibonacci of the recent downward movement with a peak on 6/29/12. Retreat from this level is possible at least to retest the blue background of the channel.

4) The upper limit of the blue channel + level of 38.2% Fibonacci dotted green. The breakdown of the channel up and retest its top-down — with the purchase of the next target — a pink background channel (lower line).

5) The lower boundary of the channel pink background — it’s a good point to sell, even if temporary, and can serve as a background for the blue channel. However, it is desirable to have to wait for confirming signals for sale on this channel. One of them — closing the day lights out candles on the line of the channel.

If the price breaks it up and possible retest is a top-down — we buy.

6) The red line is a long-term trend

7) The top line of the blue channel

8) The dark blue trend line.

Paragraphs 6-8 shall not describe, because of these forex signals written in the past the forex forecast for the week.

Now propose to consider the options of resistance levels below the closing price of the week.

1) Lilac trendline + level 38.2% Fibonacci of the recent upward movement of Thursday-Friday. Retreat from that level occurred on Friday and if opening up the market place without gaps, and will not be sharp after the opening, we can consider the option of shopping on this level.

2) the 38.2% Fibonacci of the last rising of the last week + red trend line — at the approach you can try to buy it. If there is a line break — in the retest can be sold with the immediate goal (the fastest) — the black line of the channel.

3) retest Blue Line channel + 38.2% (the same rate under paragraph (2)) — possible purchase of the first approach to this level of Fibonacci.

4) retest the pink line channel + an additional signal — the purchase.

5) Black retest channel top-down + additional signal (well if it is 61.8% Fibonacci of the total upward movement last week) — we buy.

6) The green long-term trend line (we are interested mainly in the daily range — the closure of candles). Accordingly, consider the purchase or sale of the breakdown and the closing date below it.

7) Brown long-term trend line. Purchase of the first approach, and the presence of signal lights out. Sample and retest the bottom-up — for sale.

8) The lower pink line channel

9) The black line is the channel bottom

10) The bottom line is the background of blue color channel

11) The bottom line is a blue long-term channel

At 8 — 11 points — a situation similar to paragraph (7) for the downward movement.

As always, stop-loss — for the following levels of resistance. Profits — the next level in the course of price movements.

And do not forget to monitor the situation during the week and view comments on forex forecast …

Download a template for MT4 to this forex forecast for EURUSD — 28_07_2012_eurusd.tpl (prior to decompress and put in MT4: If you get off the trend line, compare them with the images in the body of the forecast)

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