Wednesday, February 10, 2016

Thursday Analysis - 11/2

Update Last Wednesday - 10/2/16
High - 1.13109
Low -  1.11519

Open Daily - 1.12903 (Thursday)

Potential move
Week High

1. 1.12512
2. 1.13376
3. 1.13109

Week Low

1. 1.10860
2. 1.11617
3. 1.11519

Yesterday's notes
- the price did move toward the low at 1.11519 but retrace back toward 1.13109 with a total of 159.0 pips movement.
- it break the targeted previous high of 1.12512 towards the low of 1.11617 thus creating another new low of 1.11519

Thursday
- it`s a strong bearish yesterday but the retracement indicate a strong Euro with a weaker USD remain for this week. Either way, another bearish day to look for and hope for a much lower to the lowest of the week.
- Shunpo high targeted at 1.13153 and low 1.12153.

Note
- If the price break below 1.125, then potentially price movement toward 1.15-1.117.
- If the price break above 1.134, then potentially price movement toward 1.143 - 1.146
- the potential of price bearish towards 1.117 remain very likely.

Trade Wisely
User Proper MM
Don`t Overtrade
Always Follow The Rules.

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