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EURUSD Analysis 06 March 2015

 

USD_INDEX

After bad NFP data in Friday, EURUSD had huge rises and opened with a gap this weeks open. Currently EURUSD is in low volatility and waiting for European and US markets openings. USD Index get below 34 days EMA. If USD Index closes below 34 days EMA today, that will be a good signal for EURUSD.

After US markets open, high volatility may happen so traders should be careful.

AAA_EUR_USD_4Hrs

After NFP Data EUR USD had a huge rise and got out of symmetric triangle formation fro 4hrs chart. It is now currently testing 1.1025. Our view is EURUSD will get over this level and test 1.1052 soon. 1.0950 is the first support, above this level, buyers will be in position.

 

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