EURUSD Daily analysis
January 29, 2014
- My reasons to be bullish
- I am seeing a messy inverse head and shoulders.
- Price rejecting a close below the 200 daily exponential moving average, which is also trending up.
- My reasons to be bullish
- Europe is a mess and I can not see a solution without a weaker EUR.
- Lose monetary policy by the ECB.
- Price rejection above 1.3830, a clear stop run before a reversal.
- Price has rejected another close above 1.37.
