EUR continues to move below the daily SMA200 and is quite possible to go under a massive downside pressure after the mr.Draghi's speech today. Target zone is below 1.3400. Be careful as the big players will try to hit some SL to the upside maybe and then a risk aversion will happen to the downside again, so be extremely carful, or stay out of the market if you don't know what you are doing.

JPY recovered a bit after yesterday's dollar attack, upside will be restored only above 102.60, the support is 102.20.

AUD moves to the upside as forecasted yesterday, the price pullbacked to 0.9257, and recommended SL was 0.9245, so if you have entered LONG yesterday you should have profit now. Strong resistance comes at 0.9300, continuation of the upside may happen only on H4 close above 0.9310

RUB has bounced from the resistance at 35.25, yesterday's recommendation was to sell above 35.20, so here you should also have some profit. First support is at 34.95, second stronger one is at 34.65. To continue the upside we need a daily close above 35.33.

For today:

SHORT EUR below 1.3630 SL 1.3640 TP 1.3480-1.3390

SHORT EUR below 1.3760 SL 1.3770 TP 1.3480-1.3390

Gold probably is going to drop further but i am not sure for that, i am staying out of the market.

Views: 542

Comment by Massimiliano on June 5, 2014 at 7:26pm
Hi, what do you think about this eur/usd? Crazy market or big players asking for more easing in Europe?


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