Eu - week 2 March 2016

Last week (29/2-3/3)

High - 1.10428
Low - 1.08248

Trend; Bullish

Monthly (March 2016) - targeted bullish

Opening - 1.08760
High - 1.12760
Low - 1.06760

Bankai - 1.085135
Potential High - 1.14248


Analysis
- 1st week march pips at 218.0 pips
- initial predictions indicate a bearish momentum towards the low at 1.075 level before bullish onwards to 1.10 level during the NFP period.
- the movements acted as per the "normal" mode, with 1st 2 days bear and 2nd 3 days bull.

Week 2 analysis
- retracement towards 1.09058 before moving forward to 1.12058
- bankai indications at 1.096045.

Setup
Weekly

Normal
Buy Limit 1.09610 tp 1.12058 / 1.12610
Buy Limit 1.09100 tp 1.12100

Shunko (Lvl 1)
Buy Limit 1.09650 tp 1.10150 / 1.10650 / 1.11150 / 1.12050
Buy Limit 1.09100 tp 1.09600 / 1.10100 / 1.10600 / 1.11100 / 1.11600 / 1.12100


LQP notes
- the LQP towards 1.0750 was not completed thus the rejection toward the 1.1250  LQP in progress for the 2nd week.
- if the price did break or close above 1.1250, then we might see another bullish week for EU for the 3rd week heading to 1.1500.