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EUR/USD Technical - 02/March
Written by Praful Patat   
Wednesday, 02 March 2011 05:44

EURUSD formed double top on 1 hour chart and reject 1.3892 projection. In EURUSD break of 1.3797 daily PP going further up side 1.3922 daily resistance.  EURUSD break of 1.3747 minor support level further going down side toward 1.3701 on intraday. Also 4 hour EMA at 1.3728, EURUSD will back from 1.3728 acts as support. EURUSD resistance at 1.3779, break of this level further going up side toward 1.3832 on intraday.
Strategy: Buy at support or Sell at resistance.
New High:  1.3815, 1.3861, 1.3822.
New Low:  1.3723, 1.3769, 1.3730
R3-1.3889, R2-1.3854, R1-1.3832, PP-1.3797, S1-1.3762, S2-1.3740, S3-1.3705

EURUSD formed double top on 1 hour chart and reject 1.3892 projection. In EURUSD break of 1.3797 daily PP going further up side 1.3922 daily resistance.  EURUSD break of 1.3747 minor support level further going down side toward 1.3701 on intraday. Also 4 hour EMA at 1.3728, EURUSD will back from 1.3728 acts as support. EURUSD resistance at 1.3779, break of this level further going up side toward 1.3832 on intraday. 

Strategy: Buy at support or Sell at resistance.

New High:  1.3815, 1.3861, 1.3822.

New Low:  1.3723, 1.3769, 1.3730

Pivot:

R3-1.3889,

R2-1.3854,

R1-1.3832,

PP-1.3797,

S1-1.3762,

S2-1.3740,

S3-1.3705