Mennzz
Long

Daily | EURUSD Bullish Checkmate Comeback! - April 1st, 2014

FX:EURUSD   Euro/U.S. Dollar
602 0 1
The bears may be in a tight spot with their King being checkmated by a bullish sharp shooter. Tomorrow, we could see a single day retracement candle with a dangerous wick, followed by an upmove to around the 1.39 area. Another minor retrace would likely happen and the bulls would continue up with an ultimate target of 1.4069. A caution target of 1.3967 would be sitting below that just in case the resistance there is valid. This idea will be void if price crossed the 1.3721 mark, though even if it does, stay alert for this upmove and tread carefully! :D
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