Simpleisbeautiful.

EURUSD UP? or DOWN? 1.4000 Critical

FX:EURUSD   Euro/U.S. Dollar
503 9 7
Euro             breathed a little last week but NFP smashed EUR back downtown...

Oil             Gold             Jpy all over USD

Greece is really hurting EU


1.4000 is critical above 1.4000 we stay bullish

1 Month Chart a triangle formation

All the way below Conservative Entry Bears dominate

Support 1.1041
Resistance 1.1348 1.1407 1.1452 1.1523 1.1664

There may be a demand zone before 1.000 Level Don't have data for now update later

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Though US data came positive looks like there is a strong bull action occurring.. Meaning more ppl wanting to buy EUR for now
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French Industrial produn actual -0.9 Forecast 0.4 Huge drop!!! More demand for USD (sell EU for a while)
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Simpleisbeautiful. Simpleisbeautiful.
Reaction from London open
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http://www.investing.com/analysis/should-you-buy-dollars-254508

If RBNZ rate cut is expected
If upcoming US data good
Keep an eye on oil prices too

More investors will buy USD!!
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Simpleisbeautiful. Simpleisbeautiful.
Kathy Lien she believes 1.1300 is a good time for a EU for a sell (if expected news comes good for US.)
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We saw lot of demand for EUR yesterday but Eur buyers looks like exiting and NFP suppliers still holding
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Please change from 1.4 to 1.14
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No way published charts are locked :) There is a strong supply zone @ 1.1348-1.407 if that breaks Next Supply zone will be 1.1760-1.1860
On Monday we may see a retracement up depending on GERMAN data back to the aggressive zone
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Simpleisbeautiful. Simpleisbeautiful.
More than Expected GE data pushed EU beyond Supply zone
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