KENJICHEN

0314-EURUSD Analysis

Long
KENJICHEN Updated   
FX:EURUSD   Euro / U.S. Dollar

EURUSD

Euro experiences continuous rebounce after Euro zone release negative signal and pullback to 1.13 again.

After 4 days rising, Euro may have pressure to testify whether euro can hold on 1.13, therefore, it probably test 1.13 at Euro trading time during the data release.

By following the uptrend recent days, we should try long position first at 1.1300, then anticipate Euro may have strong momentum to rising above 1.1337.

If Euro can't even touch 1.1337 or reveal lack of power to soar, then we should more care about Euro get in shakeout state.

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Trade closed manually:
EUR test high 1.3334 in EURO trading time and then got pressure downward to 1.1300, so it not a good signal to long position, we may better close out with little loss.
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