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EUR/USD Technical - 10/March
Written by Praful Patat   
Thursday, 10 March 2011 06:29

EURUSD is doing sideway movement on 4 hour chart. Break of 1.3860, next support is 1.3816 and break of 1.3924 resistance further going up side toward 1.4006 next target. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart still valid. On down trend, break of 1.3817, next target is 1.3741 on intraday. EURUSD will also test 1.3835 which 61.8% Fib No from 1.3710 to 1.4035. If EURUSD will back from 1.3835 then again up trend start.
Strategy: EURUSD buy from new low or sell from new high.
New High:  1.3925, 1.3968, 1.3951.
New Low:  1.3839, 1.3882, 1.3865.
R3-1.3987, R2-1.3954, R1-1.3934, PP-1.3901, S1-1.3868, S2-1.3848, S3-1.3815.

EURUSD is doing sideway movement on 4 hour chart. Break of 1.3860, next support is 1.3816 and break of 1.3924 resistance further going up side toward 1.4006 next target. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart still valid. On down trend, break of 1.3817, next target is 1.3741 on intraday. EURUSD will also test 1.3835 which 61.8% Fib No from 1.3710 to 1.4035. If EURUSD will back from 1.3835 then again up trend start.

Strategy: EURUSD buy from new low or sell from new high.

New High:  1.3925, 1.3968, 1.3951.

New Low:  1.3839, 1.3882, 1.3865.

Pivot: R3-1.3987, R2-1.3954, R1-1.3934, PP-1.3901, S1-1.3868, S2-1.3848, S3-1.3815.