Joseph_Rofael

New Expected Ranges for the USDEGP

Joseph_Rofael Diupdate   
FX_IDC:USDEGP   U.S. DOLLAR / EGYPTIAN POUND
According to the new movements , adding to it the historical data and price action. we could see a new movements in the same direction between 32 and 38 for the USDEGP chart, at 2.618 fib retracement ratio.
we could see a correction in near future at 21.5 USDEGP at the first and second quarters.
we will face a new demand for the USD at the beginning of the second quarter , causing an new rally in chart near the shown area.
this technique calculated using harmonic movements, Fibo retracement and historical price action movements, using support and resistance lines.
Komentar:
what a dramatically increase. according to that type of movement, we will see more movements in near future reaching the expected targets (32.4 / 37.7).
what is next is going to hard to be predicted, unless we see a correction movement.
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