The euro was unable to reach 13131 has rebounded by 100 points
That's why back:
Its due to its association with the movement of the GBP which corrects for the emerging wave to the extent of 156
In addition to movement frightening yen in forced entry to top 100 against the dollar
The big reason - in fact - due to the currency war that we see & feel now
Pound physically linked to the yen and the Australian these days
As long as the Australian goal down to 9660 and up to 105 yen, the euro's rise expectations needs time until it starts to rise before hitting last bottom at 126
And begin to fall towards 123 then 120
Fair movement of the euro to reach 13465
Then start to down a new bottom
Now
Golden figures
*For downtrend : 12589
And uptrend : 13465
We conclude
From the chart above
The euro in the case of decline for next week
The maximum estimate for corrective move to the top of the 13030 and 13066
The following points in front before reaching the area 130
12899 a fair point that combines an internal bond between the euro and the dollar
And the movement of the mediator for the week is located at the borders of 12941
The real point of support by Applied statistics and probability theory
Euro at 13070 points, may be strong resistance to the rise
Which recommended selling
If the pair arrived
Also will be 12899 and 12941 points good points for sale
On the whole our theory says that as long as the pair below 12960, it is for sale
Best Regards
FARES SHANAB
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