| EUR/USD Technical - 18/March |
| Written by Praful Patat | ||||||||||||||||||||
| Friday, 18 March 2011 05:44 | ||||||||||||||||||||
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EURUSD broke triangle on up side and going toward extension at 1.4082 1.4172 from 1.4011 to 1.3751. In EURUSD strong resistance at 1.4122 if not break of this level then retrace again at 1.3862, 1.3693 and break of 1.4122 resistance next target is 1.4285.4473 in bigger range. Break of 1.3990, next support is 1.3850 and break of 1.4122 resistance, further going up side toward 1.4284 on intraday. In EURUSD minor resistance at 1.4082.
Strategy: EURUSD sell from 1.4122, 1.4157 area target 1.4080, 1.3990 stop loss 1.4300
New High: 1.4036, 1.4128, 1.4112.
New Low: 1.3852, 1.3944, 1.3928.
R3-1.4161, R2-1.4094, R1-1.4050, PP-1.3980, S1-1.3909, S2-1.3866, S3-1.3795.
EURUSD broke triangle on up side and going toward extension at 1.4082 1.4172 from 1.4011 to 1.3751. In EURUSD strong resistance at 1.4122 if not break of this level then retrace again at 1.3862, 1.3693 and break of 1.4122 resistance next target is 1.4285.4473 in bigger range. Break of 1.3990, next support is 1.3850 and break of 1.4122 resistance, further going up side toward 1.4284 on intraday. In EURUSD minor resistance at 1.4082. Strategy: EURUSD sell from 1.4122, 1.4157 area target 1.4080, 1.3990 stop loss 1.4300 New High: 1.4036, 1.4128, 1.4112. New Low: 1.3852, 1.3944, 1.3928. Pivot: R3-1.4161, R2-1.4094, R1-1.4050, PP-1.3980, S1-1.3909, S2-1.3866, S3-1.3795.
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