| EUR-USD Technical - 11/March |
| Written by Praful Patat | ||||||||||||||||||||
| Friday, 11 March 2011 06:37 | ||||||||||||||||||||
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EURUSD retraced Fib No. 74.6% at 1.3794 from 1.3711 to 1.4035, projection at 1.4122 which is also 127.2% projection of 1.2872 to 1.3860.Break of 1.3741, next support is 1.3705. On 1 hour chart EURUSD tested up trend line. Break of daily PP further going up side, next target is 1.3912. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart still valid. On other hand, EURUSD will retrace toward 1.3873, 1.3935 from 1.4035 to 1.3773.
Strategy: EURUSD buy at 1.3820 target 1.3870, 1.3915 stop loss 1.3765
New High: 1.3861, 1.3935, 1.3872.
New Low: 1.3712, 1.3786, 1.3723.
R3-1.3980, R2-1.3923, R1-1.3888, PP-1.3831, S1-1.3774, S2-1.3739, S3-1.3682.
EURUSD retraced Fib No. 74.6% at 1.3794 from 1.3711 to 1.4035, projection at 1.4122 which is also 127.2% projection of 1.2872 to 1.3860 .Break of 1.3741, next support is 1.3705. On 1 hour chart EURUSD tested up trend line. Break of daily PP further going up side, next target is 1.3912. EURUSD backed from 78.6% at 1.3982 from 1.4283 to 1.2869 on daily chart still valid. On other hand, EURUSD will retrace toward 1.3873, 1.3935 from 1.4035 to 1.3773. Strategy: EURUSD buy at 1.3820 target 1.3870, 1.3915 stop loss 1.3765 New High: 1.3861, 1.3935, 1.3872. New Low: 1.3712, 1.3786, 1.3723. Pivot: R3-1.3980, R2-1.3923, R1-1.3888, PP-1.3831, S1-1.3774, S2-1.3739, S3-1.3682.
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