After a swing to the upside and a failure at 1.10000. We can the euro to continue back to the downside over the next 2-3 week hitting the round number 1.00000.
Crude(25.03.2015) broken downside & traded lower towards $43 mark as mention in our last analysis. However the recovery was quite sharp to resistance zone once again.
Now crude is trading around $47.50 & as we can see on charts, its approaching to the broken tradeline of last symmetrical triangle pattern. This recovery seems to be a corrective one due to less...
Aussy still has room to move up as c wave still has room to the upside for waves 3 4 5 which could terminate around 0.8040 which is around 61.8% fib retracement and 1.618 extension of wave A and B.
We have a well defined trend channel to play against so I'm going to be placing my limit buy orders down below at the trend line and below previous days low to capture any trap moves on the news release tonight. My target will be new highs and my longer term target is at 1.3700. I'm going to be using a stop loss order 11 pips below yesterday's low.
