30.03.2011

Usdcad is trading at 0.9720. It is intraday support for this pair. It is also completing bullish bat pattern (one i mentioned few days ago: http://forexoholic.blogspot.com/2011/03/24032011.html)

Euro index trading at 110.77 and approaching supply level. Expecting a correction on the Euro crosses soon.

This week we have Non-Farm Payrolls (http://www.marketwatch.com/story/signs-pointing-to-decent-payrolls-growth-2011-03-27), market will be rather violative so caution is advised.

NFP Friday

Dollar index broke trough yesterdays intraday support, heading towards 38.2% fibo retracement. Oscilator in oversold zone.

Euro index reached its supply level at 107.25, while eurusd hit 1.34 and its testng down trend line on h4 timeframe.

Let's see if those will play out next week.