EUR.USD Daily Analysis Thurs 6th march 2014

 Good morning & welcome to the appointed day for the single currency.
We observed consolidation price action since the beginning of the trading week. Today is the scheduled day for the pair due to the ECB press.
As we mention in our weekly updates, that the ECB press will define the direction for the EUR.USD today. Base on price action and chart setup, we observe a BULLISH Trend on the single currency. But before the bullish bias on the pair, we expect to see price drops/pull back around 1.3710 or below, after that it will reverse strongly to the upside targeting 1.3850 area or above before the end of the trading session for the week. We advised to place a stop below 1.3660 area as the pull back will hardly pierce below the area.
Good luck & happy Trading. Your trading Success is my Joy.