Sunday, 23 June 2013

EURUSD Forecast Jun 24 - 28



The Blue Continent Currency started the week with the promise of a rally extension but got stopped at 1.3415 by a resistance on Wednesday. When the bulls gave up, the bears came out to play. FOMC results didn’t spell well for the Euro as it took a nose dive to test supports at EMA60(pink) 1.3284 , then EMA100(red) 1.3220, then a channel line at 1.3097 and closed at 1.3124 . There is still some hidden strength for the Euro but it will not be showing it soon. Expect some consolidation between resistance at 1.3144 and support at 1.2966 .

 Matauang Benua Biru memulai dengan gerakan yang menjanjikan kelanjutan reli tetapi terhenti di level 1.3415 oleh suatu resistance pada hari Rebo. Apabila para banteng menyerah, para beruang keluar untuk bermain. Hasil FOMC tidak mendukung sang Euro dan ia melakukan terjun hidung untuk menguji EMA60 (merah muda) 1.3284, kemudian EMA100 (merah) 1.3220, lalu garis channel di 1.3097 dan menutup di level 1.3124 . Sepertinya masih ada kekuatan yang tersimpan oleh Euro, hanya belum akan dikeluarkan dalam waktu dekat. Antisipasi pergerakan konsolidasi diantara resistan di level 1.3144 dan support di level 1.2966 .

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