Week ahead – EURUSD

20130303-eurusd-thought

Last week I was expecting milder movements and I was wrong. At the moment I am in a neutral mood (i am neither bull or bear). I would not be surprised by the move even lower to 2870's. Bearish actions are still stronger then pressure coming from bulls and from a bulls standpoint I see 3150's as a first critical juncture. Right now I am extending a neutral territory to 3310's – 2850's. With my macro trades I am standing on sides expecting some further directions from markets first before I take a macro position.

Have a great trading week.
lechiffre

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