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On the daily chart, the price is within a bullish channel and near 2 harmonic patterns the reversal is on-sight. Till May 13th its time will be fulfilled. If the supply pressure persists across the market, the expectation is for a drop then.

http://myforexforums.com/forumdisplay.php/91-Analysis-By-Our-Specialist

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I like to analysis the market technically. I think technical analysis is useful than fundamental. This is way; I use world best technical trading system ‘Holy Grail Golden Eagle’ strategy. It is analysis the all-technical movements of market very accurately. In addition, gives me 100% perfect trading signals. Even my strategy gives me re-entry trading signal. Now I become a regular profitable Forex trader, by using this perfect trading strategy.

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I seem for the newbie’s technical analysis is much effective than fundamental analysis. Therefore, I use World best technical system called ‘Holy Grail Golden Eagle’ strategy. My strategy cans analysis the market trend very accurately. Even, in the new time it provides right trading signal. Therefore, I do not need to use other multiple trading indicators on my chart. It is very simple to implement. Now, I am a profitable Forex trader by my knowledgeable trading indicator.

Edited by Andre Silva
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On the weekly chart, the price a fluctuating down inside a channel. The harmonic pattern will be formed when the price got closer to around 1.2500 and an expectation for a growth will become true if the demand force fueled up.

Edited by fxfibo
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