Interestingly, my last post and analysis is still valid and should have provided the discerning reader a valuable insight into current eur/usd road map. We have witnessed a decline to 1.3125 which is only a few pips away from our first target of 1.3108 as stated in the last post, a push for the aforementioned should still be in place and a decisive break below the 1.3078 to 1.3031 area should trigger the anticipated bear scenario.
The bulls should be expected to appear around the 1.3078- 1.3031 area but at this point if the markets is going to go down then the bears will take as they would already have been in a full swing momentum by then, we will just wait and see as more analysis follows.
FROM NEXT WEEK, THEY WILL BE A PIP COUNTER WHERE ALL THE PIPS PROVIDED BY THIS BLOG WILL COUNTED, ALL PIPS COUNTED CAN BE VERIFIED BY THE TIME THE ANALYSIS WAS POSTED, SO IN THAT CASE, ENTRIES AND EXITS WILL BE ADDED TO POSTS.
Happy trading!
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