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Dec 22
EUR/USD Technical - 04/March
Written by Praful Patat   
Friday, 04 March 2011 05:57

EURUSD is consolidation on 1 hour chart (Complex pattern), break of 1.3975 level further going up side toward extension 127.2% at 1.4028, 161.8% at 1.4243 from 1.3860 to 1.3240. Break of 1.3925, next support is 1.3875, if not break of 1.3925 support then going up side toward extension. In EURUSD, 55 EMA at 1.3789 and 1 hour at 1.3885. In bigger range, EURUSD next extension is at 1.4125, 1.4468. In EURUSD strong resistance at 1.4311 on weekly chart, also down trend line pass there. On daily chart, EURUSD will extension at 1.4125.

 

Strategy: buy at 1.3950 target 1.4028, 1.4124 with stop loss 1.3915 or sell at 1.4028, 1.4124 area target 80-100 pip with stop loss 1.4158

 

New High:  1.3973, 1.4045, 1.4041.

New Low:  1.3829, 1.3901, 1.3897.

 

LATEST EUR/USD
Last 1.3866
High 1.3889
Low 1.3741
5 day 1.3796
10 day 1.3735
20 day 1.3659
50 day 1.3483
100 day 1.3520
200 day 1.3186

 

PIVOT EUR/USD
R3 1.4068
R2 1.4014
R1 1.3980
Pivot 1.3925
S1 1.3870
S2 1.3837
S3 1.3782