About Author

Yohay Elam – Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I’ve accumulated. After taking a short course about forex. Like many forex traders, I’ve earned the significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I’ve worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.

  • maxim

    A part of me is bullish and another is bearish – I would say that it’s hard to say where it will go this time around. Triangle patterns can be unpredictable.

  • Euro Dollar has temporarily broken out of its down trend, but i feel this is only due to the US QE program. My long term view of Euro Dollar is down, and this move up is just a good opportunity to get some good short positions on. I think 130 is the top of the channel, and 120 is the bottom. I think we will see a move lower in the coming weeks, and see a test on 120 within 2 months.

  • maxim

    Rob, the top of the triangle formation on weekly channel stands at 140 – but I do think that a test of 125 is possible prior to the next rise.

  • dinesh

    i think eur/usd will go for bullish this week…..

  • Pingback: EUR/USD Forecast October 15-19 2012()

  • Well, that was a completely wrong prediction

  • Actually, EUR/USD did end the week higher. Sometimes I am wrong and sometimes I am right. Note that the outlook is intended to give traders information about events and technical lines – the sentiment at the end is only a small part.

  • Pingback: EUR/USD Forecast – October 22-26 | Forex Crunch()