Thursday Analysis

Update

Wednesday 3/2/2016 (yesterday)

High - 1.11448 (break previous Wednesday high)
Low - 1.09031

Today Open daily - 1.11047

Potential move

Yesterday's note
- price potentially have reached the weekly as the present weekly range is 330.6 pips with the daily range itself on wednesday at 241.7 pips.

Today
- price is expected to move back to 1.1010 before a further bearish towards (1.0940 - 1.0980)
- our targeted low under SHUNPO is at 1.1008 which is relatively much nearer to 1.1010
- if the price break 1.0940, then the next low is at at 1.08142. (1.0810 - 1.0820) - potentially will occur during NFP period

Note
- this week scenario is a bit unpredictable due to the nature of certain fundamental issues. never the less, i expect the bearish mode by NFP period towards 1.08448 or between (1.08948 and 1.09448).
- if price close above 1.08314 by saturday morning, then expect another week bullish potentially towards 1.12.
- but if the price unable to break this week high, then towards the potential monthly low of 1.05448 or (between 1.05948 and 1.06448) it may be by 3rd or 4th week.

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