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Oct 31
EUR/USD Technical - 01/March
Written by Praful Patat   
Tuesday, 01 March 2011 05:50

EURUSD is still up trend in progress toward projection 1.3892. EURUSD break of 1.3892 resistance going further up side 1.3922 daily resistance.  EURUSD break of 1.3766 minor support level further going down side toward 1.3701 on intraday. Also 4 hour EMA at 1.3712, EURUSD will back from 1.3712 acts as support. EURUSD will stay above 1.3810 trend is up on intraday, otherwise down trend still US session. EURUSD is forming ABCD from 1.3522 to 1.3837, extension 127.2% at 1.3922, 161.8% at 1.4013 which is near to 127.2% of big ABCD pattern from 1.3243 to 1.3862.
Strategy: Buy at support at 1.3810 target 1.3892, 1.3922 with stop loss 1.3690 or sell from 1.3892, 1.3922 area.
New High:  1.3831, 1.3903, 1.3878.
New Low:  1.3687, 1.3759, 1.3734
R3-1.3934, R2-1.3879, R1-1.3845, PP-1.3790, S1-1.3735, S2-1.3701, S3-1.3646

EURUSD is still up trend in progress toward projection 1.3892. EURUSD break of 1.3892 resistance going further up side 1.3922 daily resistance.  EURUSD break of 1.3766 minor support level further going down side toward 1.3701 on intraday. Also 4 hour EMA at 1.3712, EURUSD will back from 1.3712 acts as support. EURUSD will stay above 1.3810 trend is up on intraday, otherwise down trend still US session. EURUSD is forming ABCD from 1.3522 to 1.3837, extension 127.2% at 1.3922, 161.8% at 1.4013 which is near to 127.2% of big ABCD pattern from 1.3243 to 1.3862.

Strategy: Buy at support at 1.3810 target 1.3892, 1.3922 with stop loss 1.3690 or sell from 1.3892, 1.3922 area.

New High:  1.3831, 1.3903, 1.3878.

New Low:  1.3687, 1.3759, 1.3734

Pivot:

R3-1.3934,

R2-1.3879,

R1-1.3845,

PP-1.3790,

S1-1.3735,

S2-1.3701,

S3-1.3646