Monday 2 March 2015




Just as I suspected, EUR/USD reached the support at 1.1150 and bounced back after forming a marubozu candlestick on the daily filter chart, so this might as well be a double bottom and a new move to the upside is a very real possibility. On the other hand, the trend is still very much bearish so I don’t think I will be opening any long positions just yet. The pair will likely continue to test the support in the near future. Considering that the ECB rate decision, Mario Draghi’s press-conference and the US Non-farm Payrolls are on Thursday and Friday I might wait and see what effect these events will have on the pair.
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6 comments:

  1. Anonymous3 March 2015 at 01:59

    Looks like the pair is waiting for the ECB monetary policy on Thursday and U.S jobs report on Friday.

    ReplyDelete
  2. Unknown3 March 2015 at 19:51

    seems like volatility is expanding again.

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  3. Unknown4 March 2015 at 10:42

    Excellent analysis

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  4. Unknown7 March 2015 at 06:04

    Good analysis

    ReplyDelete
  5. Unknown8 March 2015 at 13:32

    Where is this going to lead? Who knows...

    ReplyDelete
  6. Unknown9 March 2015 at 02:27

    Let's see how low will euro go.

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