After a pullback to test the ascending 60 days ema, we might expect a rise of March 2016 Euro Futures
if you are a forex trader) in the short term.
Patterns and Volume Spread Analysis
Looking at the daily chart, we can see that the price is testing the 60 days ema since February 22, facing a channel support
The 24 February candle, according to the Volume Spread Analysis
, can be defined as stopping volume
and represents a strong trend reversal setup.
Analyzing the Market Profile chart
(which we set at 30 minutes for a period of 20 days), we notice the 'point of control' level around 1.1138 and this level could be considered a possible profit target.
Remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.