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Sunday, June 30, 2013.
Daily Forex Signals and Predictions for July 1, 2013.
It looks more likely that it would rise to 1.3082 - 1.3149 from 1.3004 or 1.2970. After which a downside move is expected.
Currently uptrend should end around 0.9461 - 0.9477 area. A correction down to below 0.9413 is expected. A rise above 0.9508 will abort the expected correction.
Current fall is near an end of wave around 1.5157 zone, a rally should then procede to above 1.5270. Fall below 1.5105 would cancel this scenario .
One move lower to 98.54 or 97.89 is anticipated while below 99.32 - 99.64 area. Stop loss above 100.10 zone .
Current upmove should be ended around 1.0536 - 1.0563. Any correction consolidation should find support in 1.0486 - 1.0464 zone .
Market should pop up towards 0.7786 or 0.7812 this bullish scenario would be damaged if 0.7728 - 0.7697 zone is broken, a severe break down could then occur.
Market should not go lower than 0.9128 - 0.9075. After this move down it should go up to 0.9215 - 0.9248 area.
One move lower to 128.31 or 127.52 is anticipated while below 129.37 - 129.77 area. Stop loss above 130.44 zone.
There are initial signs of a good corrective recovery towards 1.2325 or even 1.2339. Supports at 1.2290 and 1.2268 zone.
Should test support at 0.8536 while below 0.8558. If support at 0.8536 holds it can rise up to 0.8585, if not it should fall to below 0.8514 zone.
Resistances lie around 1.3714 and 1.3734. It should test lower towards 1.3650 zone. A clear break of 1.3679 would be bearish.
While below 1.6843 - 1.6893 it is more likely to fall further towards 1.6744 or 1.6695. Premature rise above 1.6893 could see it rising above 1.6991 zone.
Current rise seems to be over near 1.4253 or 1.4326 for a retracement towards 1.4181 - 1.4137 area.
It looks set to visit further lower territory down to around 1.4353 - 1.4322. Its corrective attempts should fail ahead of 1.4407 - 1.4430. Stop loss above 1.4493 zone.
Market should hold major support at 1.5955 before rising towards 1.6028 or even 1.6059 limit.
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.6117 or 1.6191 if support around 1.6037 hold. After which a pullback to 1.6037 - 1.5997 zone is possible.
Currently uptrend should end around 1.7023 - 1.6952 area. A correction down to below 1.6699 is expected. A rise above 1.7040 will abort the expected correction.
One move lower to 93.91 or 93.52 is anticipated while below 94.45 - 94.65 area. Stop loss above 94.99 zone.
Current rise seems to be over near 19.64 or 20.12 for a retracement towards 19.17 - 18.93 area.
Corrective dips should ideally halt near 1206.58 or 1197.41 for one more thrust upwards towards 1233.27 - 1250.79 area or 1269.12 in extention. Fall below 1162.37 puts it back on a downward path.