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.

8 Comments

  1. 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.

  2. 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.

  3. 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.

  4. Pingback: EUR/USD Forecast October 15-19 2012

  5. 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.

  6. Pingback: EUR/USD Forecast – October 22-26 | Forex Crunch