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Oct 20
EUR/USD Technical - 07/March
Written by Praful Patat   
Monday, 07 March 2011 06:15

EURUSD
At this moment, EURUSD is in neutral zone. EURUSD is still in consolidation zone on 1 hour chart, break of 1.4003 level further going up side toward 1.4125 on intraday. Break of 1.3952, next support is 1.3910, if not break of 1.3925 support then going up side toward extension. In bigger range, EURUSD next extension is at 1.4125, 1.4468 still in progress. If EURUSD will back from 1.4025 resistance then again retrace toward 1.39121.3835 area.
Strategy: buy at 1.3980 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:  1.3997, 1.4030, 1.4020.
New Low:  1.3930, 1.3963, 1.3953.
R3-1.4044, R2-1.4019, R1-1.4003, PP-1.3977, S1-1.3952, S2-1.3936, S3-1.3910.

At this moment, EURUSD is in neutral zone. EURUSD is still in consolidation zone on 1 hour chart, break of 1.4003 level further going up side toward 1.4125 on intraday. Break of 1.3952, next support is 1.3910, if not break of 1.3925 support then going up side toward extension. In bigger range, EURUSD next extension is at 1.4125, 1.4468 still in progress. If EURUSD will back from 1.4025 resistance then again retrace toward 1.39121.3835 area.

Strategy: buy at 1.3980 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:  1.3997, 1.4030, 1.4020.

New Low:  1.3930, 1.3963, 1.3953.

Pivot:

R3-1.4044,

R2-1.4019,

R1-1.4003,

PP-1.3977,

S1-1.3952,

S2-1.3936,

S3-1.3910.