Categories: Technical Analysis

Was I right about the EUR?

Hi friends,

For a long time I am talking about the EUR and that I think it’s all bluff. I you remember my words, I said I see 1.35-1.37 as the end of the up move, and after the correction, maximum 1.40-1.42…

Well, 1.40 was never taken… 1.37 turned to be a good strong top.

So, what’s next?

I see a bearish convergence on the EURUSD now while it also broke through the daily stiff trend line. As I teach in my book, Sell the rally Buy the valley, which you can find here (
Click Here),after bearish convergence we can expect for correction and after correction we should look to sell.

So that’s how I see it goes from here, most likely:

EURUSD (Click to enlarge):

So far, I was right about the top. Time will tell if it will drop back to 1.27-1.29 range, which is my target.

I wish you happy forex trading.

Yours,

Vladimir Ribakov
www.vladimirforexsignals.com/

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

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