Silver has been moving simirarly to Gold. It just broke a rising channel bearishly. Based on Fibonaci, I expect more downside movement at least until 15.3 euros.
I'd highly reccomend investing in Silver, if your local currency is the Euro.
You can take a longer term position here, risking 5% of your capital without a stop loss, or take a more 'swing' style trade, with a stop loss under 16.39.
Upside is considerable, specially factoring in a potential USD rate hike that might destabilize all currencies, potentially resuming...
XAGEUR is currently in a corrective downtrend. I am not interested in the downtrend at all, it may continue a bit more down. However i will watch it closely for the breakout to the top (i will not trade it, till i confirm the breakout). As we see there is a series of indicators which forecast the up movement (more details on the chart).
Thank you for your support.
XAGEUR moving exactly as in the forecast. Correction will soon come in the end and the next impulse up will start. If you did money in the down side that's great! Congratulations!
Let's start preparing for the upside, i will watch it and update when i forecast the up movement is going to start.
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XAGEUR is going to correct at least 38% of the impulse movement and then i will watch smaller timeframes for a breakout to the top.
There is a HIGH PROBABILITY for one more up movement BEFORE a deeper correction.
