aslamhammad

aslamhammad

Well earlier in start of this year of 2015 on JAN 15th, we saw Swiss National Bank rat cut interest rate from -0.25% to -0.75%. So price came down from 1.0200 down to 0.8330, like around 2000pip drop. Where price became oversold. And than we later saw alot of buying upto month of March when we saw EUR/USD near 1.0450$ for 1€. So, fed had to control price of USD,...

aslamhammad

Well i earlier saw a triple top or head and shoulder pattern around 1.2800 area, where price was overbought in month of March when Jannet Yellen signaled no rate cut from FED reserve, and formed point 2 near that shooting star candle after which price started falling down to a point 3 where it became oversold around 1.1920. So that was like 880pips down by Month...

aslamhammad

Well i see price found resistance around 1.1360 earlier, so in my view i see it going down to 1.1134 around that senkou span A border or future support.....I'm expecting a short breakout around the 1.1200 level :)