30th March 2015 – Technical Outlook.


FROM HEREsell around 0.7760 to target 0.7716 then 0.7683

BUT:above 0.7760 may see 0.7812 where stops awaits but 0.7850 would be hard to break upside.

COMMENTbears in total control, momentum should continue today.



FROM HEREtrade the range 118.75 to 119.56 with generous stops.

BUTmay consider break out strategy if the range is broken but with tight stops.

COMMENThe pair is trading side ways but start to look for reversal upwards for the longer term. 



FROM HERE: doji formation so play the range 1.0820 – 1.0950

BUTcan consider reversing position if range is broken as always with stops.

COMMENT: remain bearish unless 1.1040 breaks on top side.



FROM HEREbuy on dips around 1.4833 to target 1.4932 then 1.5000

BUTmajor support is around 1.4730 so can consider reversing position if that breaks (ie go short)

COMMENT1.5000 should be tested again this week but not sure which day. Caveat as long as 1.4730 holds.



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