| EUR-USD Technical - 17/March |
| Written by Praful Patat | ||||||||||||||||||||
| Thursday, 17 March 2011 06:03 | ||||||||||||||||||||
|
EURUSD is forming triangle on 4 hour chart. 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 still in progress. Break of 1.3838, next support is 1.3750 and break of 1.4035 resistance, further going up side toward 1.4284. In EURUSD minor support at 1.3865 if not break of this support will stay up.
In bigger range, EURUSD break of 1.3750 support further going down side toward 1.3427 and break of 1.4035 resistance further going up side 1.4284.
Strategy: EURUSD buy from support or sell from resistance
New High: 1.3950, 1.4019, 1.3966.
New Low: 1.3813, 1.3882, 1.3829.
R3-1.4057, R2-1.4005, R1-1.3973, PP-1.3921, S1-1.3870, S2-1.3838, S3-1.3786.
EURUSD is forming triangle on 4 hour chart. 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 still in progress. Break of 1.3838, next support is 1.3750 and break of 1.4035 resistance, further going up side toward 1.4284. In EURUSD minor support at 1.3865 if not break of this support will stay up.
In bigger range, EURUSD break of 1.3750 support further going down side toward 1.3427 and break of 1.4035 resistance further going up side 1.4284. Strategy: EURUSD buy from support or sell from resistance New High: 1.3950, 1.4019, 1.3966. New Low: 1.3813, 1.3882, 1.3829. Pivot: R3-1.4057, R2-1.4005, R1-1.3973, PP-1.3921, S1-1.3870, S2-1.3838, S3-1.3786.
|