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EURUSD Analysis 11 March 2015

EURUSDMonthly_20150311

 

Currently we are at a very critical level in EURUSD. As seen on monthly chart, EURUSD is currently at a level of the bottom support of a long term down trend. Traders must watch the parity carefully around these levels. Breaking down below 1.5600 will trigger a high pressure on prices to go down. Closing price of this day and the opening price actions for tomorrow will show us to take the right train.

Also it seems to go below this level, we have to consider for any retracement that may happen on this level. We suggest that if have any shorts, hold still, do not open any short or long for now, wait for tomorrow.

Past Days Analysis For EURUSD

 

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