Important week ahead for EURUSD. In US ( ISM, NFP and Unemployment ) while in EUR ( CPI and bank rate decision) will be driving forces behind EURUSD move. I expect short term bullish correction to be initiated by the bounce from 628 Fib retracement at the support levels 1.118 until 1.14 area will be retested and one might consider to rejoin bearish long term...
Completely aside to fundamentalism, what awaits us... Check previous post (link below) the beauty market just working
STRANGELY, WHEN I DID MY REGULAR ANALYSIS ON THIS PAIR I SAW FURTHER BULLISH, HOWEVER, MY SO CALLED CANDLESTICK GENERATOR IS GIVING ME THESE 3 OPTION AND THEY ARE ALL BEARISH. STRANGER IS THE FACT THAT THE 3RD OPTION IS SHOWN AS MOST LIKELY SO I'M WATCHING THIS PAIR FOR THE NEXT DAY TO SEE HOW IT PLAYS OUT. AGAIN, THIS IS NOT A TRADE IDEA, IT IS STRICTLY...
OK, SO LAST WEEK I MENTIONED THAT I FIGURED A STRATEGY TO PREDICT THE NEXT CANDLE. I MUST CLARIFY THAT I WAS REFERRING TO A SCALPING STRATEGY, AND I'VE ONLY USED IT ON A 5 MIN CHART SO FAR. SO I RECEIVED A CHALLENGE FROM SOMEONE TO DO IT ON A DAILY CANDLE, SO THIS IS MY FIRST ATTEMPT TO DO SO. PLEASE KEEP IN MIND, THAT THIS PREDICTION IS IN NO WAY ME PREDICTING...