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EUR-USD Technical - 16/March
Written by Praful Patat   
Wednesday, 16 March 2011 06:05

EURUSD backed from Fib No. 50.0% at 1.3854 from 1.3751 to 1.4003, extension 127.2% at 1.4069, 161.8% at 1.4157. 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 still in progress. Break of 1.3859, next support is 1.3797 and break of 1.4035 resistance, further going up side toward 1.4069 on intraday. In EURUSD minor support at 1.3915, break of this support further going down to 1.3892.
Strategy: EURUSD sell at 1.4070, 1.4122 area target 1.3970, 1.3845 stop loss 1.4185
New High:  1.4006, 1.4085, 1.4077.
New Low:  1.3848, 1.3927, 1.3919.
R3-1.4112, R2-1.4052, R1-1.4015, PP-1.3955, S1-1.3894, S2-1.3857, S3-1.3797.

EURUSD backed from Fib No. 50.0% at 1.3854 from 1.3751 to 1.4003, extension 127.2% at 1.4069, 161.8% at 1.4157. 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 still in progress. Break of 1.3859, next support is 1.3797 and break of 1.4035 resistance, further going up side toward 1.4069 on intraday. In EURUSD minor support at 1.3915, break of this support further going down to 1.3892.

Strategy: EURUSD sell at 1.4070, 1.4122 area target 1.3970, 1.3845 stop loss 1.4185

New High:  1.4006, 1.4085, 1.4077.

New Low:  1.3848, 1.3927, 1.3919.

Pivot: R3-1.4112, R2-1.4052, R1-1.4015, PP-1.3955, S1-1.3894, S2-1.3857, S3-1.3797.

 

Latest EURUSD
Last 1.3993
High 1.4013
Low 1.3852
5 day 1.3916
10 day 1.3926
20 day 1.3815
50 day 1.3607
100 day 1.3523
200 day 1.3266