Thursday 5 February 2015




As I thought yesterday, EUR/USD fell to its previous levels, only for range to continue again today. The pair formed a doji candlestick in the 4-hour filter chart and rose again to start testing the resistance at 1.1470, which is clearly indicated by 89 EMA. Personally I doubt the pair will be able to break above the resistance before tomorrow’s US Non-Farm Payrolls, but I will keep my eyes open anyway. Either way, tomorrow’s data is sure to provoke quite a bit of volatility on the market as it does every month so have closed all my positions just in case.

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6 comments:

  1. Anonymous6 February 2015 at 01:13

    EURUSD rose during the course of yesterday session, as the market bounced from the 10-day moving average and close into a daily resistance zone. All eyes today turn to the all-important U.S jobs report where we can expect high volatility.

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  2. Unknown6 February 2015 at 12:36

    How fascinating!

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  3. bewayopa6 February 2015 at 15:55

    The RSI broke below its line up support and sank below its barrier 50.

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  4. Unknown7 February 2015 at 02:01

    Interesting point of view, thank you.

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  5. Unknown9 February 2015 at 01:59

    Great analysis, I agree.

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  6. Unknown9 February 2015 at 02:31

    I will keep watching further development of this pair.

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