Daily Analysis 17th March 2015

Trading Discussion
1

Dollar Index (DXC)
Neutral to Bullish
I am looking for prices to remain above 99.04, a bias change would need a break of 98.65. If price can hold above these levels we may see bulls move it higher

EUR/USD
Neutral to Bearish
Pull back to 1.0650-1.0683 and a break below 1.0550 signalling trend continuation.

GBP/USD
Bearish
The break of the lower bound at 1.4775 could be constructive. Expecting prices to push below 1.4700 to resume trend

Looking to buy EURGBP. Trade is breaking up. Targeting 0.72500

EURGBP1.jpg700×300 23.1 KB

2

Here is how I see Dollar Index and EURUSD unfolding.

DXC.jpg700×301 27 KB

EURUSD.jpg700×301 24.3 KB

3

I agree on your EURGBP trade, I went long last week in that currency pair.

4

As of yesterday, the GBP/USD has reached lower than the 14777 price mark you predicted; I was able to make over 50 pips, but left the market after the prize touched 1.445.