Go long the pair for now. For now we could face a pullback volatility, then we can seeking for long. We could end up with a double head or double bottom here. But that is just few speculation ideas. Things can change with time. Don't force any ideas.
Some support and resistance areas we need to look next week
Oil will turn bullish if it breaks the high of 1/3/2017. Otherwise, we could either falling back to daily sideway move or a bigger bear shakeup leg. Emotionally, I am more leaning toward the market raise its base rather than a shakeup;)
We are in a profits taking rally at the end of the down trend starting from 12/6/16. It is little too early to forecast the target where the current rally will likely end. We need to see an modest pullback first. Then the market could rally again to the target where we could see the likely zoon where the rally could end. Then, short sellers will step in and start...
ERUUSD is currently rally in correction range of 1.046 to 1.16 . I am modestly bullish in this pair now. 1st target zoon is almost reached for profits taking. Then the market could either rally up from there to target 2 area after a little consolidation or the market could start a sharp correction and rally up after that. The key of the market now is the low of...