The announcement from Fed that the economy was getting slight improvement but mentioned that in order to recover lost employment might take five or six years. As a result there was no adjustment on its second wave of quantitative easing. and if we look at the Dollars index, it dipped below 77.68 on last Friday close and it may plunge below 76.85 with its bearish momentum near term..
And there was no major negative news on Euros comparatively.
The sentiments on EUROS/ USD is slightly Bullish -biased.
H4 EU Chart
H1 buttery pattern with Ichimoku Chart
Basing on the H4 chart, we can see that further lifting above wave tip" e" is predictable, and the Double Top may be sighted near areas 1.3715-1.3800. However, a convincing lift beyond it (1.3715) may result in 1.3800--1.4000 being breached.
On the H1 chart with Butterfly pattern , we can predict a lift in the 1.3800 areas with a slight bullish sentiments in upcoming trading days, and it may reverse and heading down South near its lifting near 1.3800 areas too.
Trading Strategy
Trade with caution with smaller lot size on LONG Euro/Usd initially,, and watching out areas near 1.3800-1.4000 which will provide a golden opportunity to Short all the way till 1.3536.
And there was no major negative news on Euros comparatively.
The sentiments on EUROS/ USD is slightly Bullish -biased.
H4 EU Chart
H1 buttery pattern with Ichimoku Chart
Basing on the H4 chart, we can see that further lifting above wave tip" e" is predictable, and the Double Top may be sighted near areas 1.3715-1.3800. However, a convincing lift beyond it (1.3715) may result in 1.3800--1.4000 being breached.
On the H1 chart with Butterfly pattern , we can predict a lift in the 1.3800 areas with a slight bullish sentiments in upcoming trading days, and it may reverse and heading down South near its lifting near 1.3800 areas too.
Trading Strategy
Trade with caution with smaller lot size on LONG Euro/Usd initially,, and watching out areas near 1.3800-1.4000 which will provide a golden opportunity to Short all the way till 1.3536.
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