Week ahead – EURUSD

Last week I have mentioned what I was expecting from EURUSD pair. So far the analysis was correct (careful, its just analysis :). Since we have reached my next price objective, I am expecting some kind of retracement back to 3400/3370's where we can expect bigger buy orders. In terms of bias, as long as we stay above 3300 with the daily close, I am a bull. In terms of price projections we can use several techniques. Using symmetrical projection (2036 low to 3165 high) we can look as far as 3790's as next big stop with problem around 35, 36 round. But hey, what do I know? I trade M1's 🙂

 

Have a good one.

lechiffre.