Monday, March 9, 2015

EUR/USD: below 1.0750 targets 1.0730/25 –

[FOREX News] “We do look like the market will head to the 2003 lows of 1.0765....Now given that the market is drastically oversold this support should hold.”


“Difficult to buy into such a weak market, therefore only do it for a very short time on a correctionary basis only.”

“Below 1.0750 and we are out of longs, back into shorts looking for further weakness down to 1.0730/25 then 1.0690.”

“Today our daily pivot is at 1.0860 which so far has held the overnight high..Europe may well come in and re-test this resistance...Any long positions to be covered to here.”

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