Free Forex Forecasting EUR/USD 23 JUL 2008 --CAUTION

Time Frame M15 --- London Session


Time Frame M15 --- Japan Session

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Time Frame H4


Caution -- Caution AnyTime Reversal


Projection Target Already done 180 pips at A wave ... Today Before Downside price will up to 1.5820... 2nd projection EXPIRED

R3 1.6081
R2 1.6012
R1 1.5895
Daily Pivot -- 1.5826
S1 1.5709
S2 1.5640
S3 1.5523

Yesterday High: 1.5943
Low: 1.5757
Today Open : 1.5778
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You have 3 option to select the The Forecasting;-
Option 1 : Time Frame H4 projection Target marked.
Option 2 : Pivot ,Resistant and Support Barrier.
Option 3 : Time Frame M30,H1 and H4 -Bearish Or Bullish Butterfly Pattern.
[Reminder:Never trade 15min before news ,wait till 15min after - Prevention market volatile AND Rule no.1 do not over use margin total trade 5% -- Always Follow Good Money Management ]- Refer Forex News Link.
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--->>Prefer today LONDON Session ---
!! CAUTION - The current up-trend could be changing and moving into a trading range Sidelines Mode.FX trader are advised to wait for a clearer signal before entering the market on this one
**Indicate a bearish pressure on EUR USD. The price should find a support above 1,5700. If the support is broken then the target will be 1,5530. We won't take a position. The risk/reward ratio is too high to take a position..

==>Open Short 1.5760 at 1.5691 with target 1.5715 and 1.5691
If above 1.5760 ---> open Long at 1.5770 with target 1.5827 and 1.5850
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Time Frame H1,H4 & Daily Bullish Gentley Pattern -Come-out




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Below pattern EXPIRED
Time Frame H1 & H4 Bearish Butterfly Pattern




Bearish Butterfly Pattern Now EXPIRED projection target 1.5691