| EUR/USD Technical - 08/March |
| Written by Praful Patat | ||||||||||||||||||||
| Tuesday, 08 March 2011 06:08 | ||||||||||||||||||||
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EURUSD is still in up trend zone, break of 1.4022 level further going up side toward extension at 1.4125. Break of 1.3952, next support is 1.3910, if not break of 1.3925 support then going up side toward extension. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869. In bigger range, also possibility to extend EURUSD next extension is at 1.4125, 1.4468 still in progress, this is possible if break of 1.4020 resistance, otherwise retrace.
In up trend count, EURUSD, at this moment on 23.6% at 1.3958, now break of this level further going down side at 1.3910 on intraday.
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: 1.4002, 1.4043, 1.4009.
New Low: 1.3921, 1.3962, 1.3928.
R3-1.4066, R2-1.4036, R1-1.4017, PP-1.3986, S1-1.3955, S2-1.3936, S3-1.3905.
EURUSD is still in up trend zone, break of 1.4022 level further going up side toward extension at 1.4125. Break of 1.3952, next support is 1.3910, if not break of 1.3925 support then going up side toward extension. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869. In bigger range, also possibility to extend EURUSD next extension is at 1.4125, 1.4468 still in progress, this is possible if break of 1.4020 resistance, otherwise retrace. In up trend count, EURUSD, at this moment on 23.6% at 1.3958, now break of this level further going down side at 1.3910 on intraday. 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: 1.4002, 1.4043, 1.4009. New Low: 1.3921, 1.3962, 1.3928. Pivot: R3-1.4066, R2-1.4036, R1-1.4017, PP-1.3986, S1-1.3955, S2-1.3936, S3-1.3905.
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