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  1. DF
  2. Technical Analysis
  3. Free Forex Signals
  4. EUR/USD Expected Movement
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EUR/USD Expected Movement

By Fadi Steitie
Fadi Steitie
By Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

By: Fadi Steitie

Currency: EUR/USD
Trend Expected Direction: Range
Strategy: Ichimoku Kinko Hyo
Description:Trend just jumped above 9 days Tenkan (Blue) which shows a bullish signal that with a flat 52 days Senkou (Orange) as shown by the arrow. Flat Senkou act as a gravity to the trend although the sentiment (26 Span A is Below 52 Span B) shows a long term bearish movement. Also we can notice a drop in Kijun(Red) toward trend which tells a weakness in resistance. This is a very short movement that is slightly bullish with a Window of Correction according to Japanese. I expect the trend hits Kijun sen (26 days red).
Action: Long
Target Area:1.35350
Stop Loss: 1.33250
Risk: N/A

EUR/USD Expected Movement December 8, 2011

Fadi Steitie
By Fadi Steitie

Fadi Steitie is an entrepreneur, investor and professional Forex trader who shares Forex signals with DailyForex.com based on his keen understanding of the market. His favorite pair is EUR/ USD because almost 40% of traders trade this pair and it does match most of his pattern recognition strategies. He is an expert in Elliot Wave principles as well as Ichimoku Kinko Hyu which he is currently researching. So far he has not seen many English translated books about this method of technical analysis, however he is continuing to read about it and believe this method has as much to give to traders like the Elliot Waves method does. Fadi is looking for the magic behind this principle even though many do not research this trading system.

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