Hi all,
here I am, back.
the pair last week went from 1.3420 to 1.3720. Also if it was trading for most of the week between 1.3450 and 1.3550, during last few hours Friday it rallied 150 pips to close @ 1.3693.
Apparently the main reason for the rally was the perception that the FED will not increase the interest rate really soon, against the fact that the EU may do it due to an increasing inflation.
Here are some resistance and support point for next week:
R4 1.4511; R3 1.4211; R2 1.3911; R1 1.3802; S1 1.3502; S2 1.3311; S3 1.3011; S4 1.2711.
Clearly a fail in breaking 1.3720-1.3750 area will send the pair back to test the first support.
No strategies for today, but will show some really soon.
Good luck everybody.
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