RSS
Tools
Oct 31
EUR/USD Technical - 09/March
Written by Praful Patat   
Wednesday, 09 March 2011 06:26

 

Yesterday EURUSD retrace at 50.0% from 1.3710 to 1.4035, break of 1.3928 level further going up side toward 1.3967 on intraday. Break of 1.3872, next support is 1.3835, if not break of 1.3835 support then going up side toward extension. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart. 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.
On 15min chart, EURUSD is forming like gartley pattern confirm at 1.3962, also on 1 hour chart H&S pattern confirm at 1.3962. If break of 1.3962 resistance further going up side toward 1.4006.
Strategy: buy at 1.3885 target 1.3940, 1.3962 with stop loss 1.3850.
New High:  1.3946, 1.4009, 1.3967.
New Low:  1.3820, 1.3883, 1.3841.
R3-1.4044, R2-1.3996, R1-1.3966, PP-1.3918, S1-1.3869, S2-1.3839, S3-1.3791.

Yesterday EURUSD retrace at 50.0% from 1.3710 to 1.4035, break of 1.3928 level further going up side toward 1.3967 on intraday.

Break of 1.3872, next support is 1.3835, if not break of 1.3835 support then going up side toward extension. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart. 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.

 

On 15min chart, EURUSD is forming like gartley pattern confirm at 1.3962, also on 1 hour chart H&S pattern confirm at 1.3962. If break of 1.3962 resistance further going up side toward 1.4006.

Strategy: buy at 1.3885 target 1.3940, 1.3962 with stop loss 1.3850.

New High:  1.3946, 1.4009, 1.3967.

New Low:  1.3820, 1.3883, 1.3841.

Pivot Point: R3-1.4044, R2-1.3996, R1-1.3966, PP-1.3918, S1-1.3869, S2-1.3839, S3-1.3791.

 

 

Latest EURUSD
Close 1.3900
High 1.3993
Low 1.3860
5 day 1.3936
10 day 1.3855
20 day 1.3728
50 day 1.3547
100 day 1.3522
200 day 1.3219

 

EURO/USD Chart

 

 

eu15min 09march