Euro / U.S. DollarShort
Week of 6th March
Continued weakness of EUR against USD.
If it breaks below 1.079, target for the week is 1.0604.
If it retraces back to 1.0976 followed by bearish price action, expect downtrend to continue to 1.0604 and 1.0419 (April's Target)
If it breaks above 1.0976 with bullish price action, wait to buy on the pull back with a target of 1.1162 and 1.1475.
If it breaks below 1.079, target for the week is 1.0604.
If it retraces back to 1.0976 followed by bearish price action, expect downtrend to continue to 1.0604 and 1.0419 (April's Target)
If it breaks above 1.0976 with bullish price action, wait to buy on the pull back with a target of 1.1162 and 1.1475.
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