EURUSD Daily Dynamic Pivot Points March 07, 2012


Update 1 (03:22 GMT): The price has found support over at the 1.3100 region and has been moving upwards since then. A break of the same level will enable us to see further downside to 1.2930 levels. On the higher levels, 1.3180 stands as a significant resistance as of now.

Level Technical Significance
1.3282 Daily Low Mar 1
1.3242 Daily High Mar 5
1.3226 Session High Mar 6
1.316 Daily Low Mar 5
1.3148 03:10 GMT WED 07 MAR
1.31 Psychological Level
1.2974 Daily Low Feb 16
1.2931 Daily Low Jan 25
1.2927 Ichimoku Cloud Base

Update 2 (15:50 GMT): The price is moving in accordance with the news flow. Stay tuned for some form of detrimental news and we could see a steep fall from thee levels. The opposite could happen if some positive news comes from the wires.

Level Technical Significance
1.3242 Daily High Mar 5
1.3226 Daily High Mar 6
1.32 Psychological Level
1.3165 Session High Mar 7
1.3099 15:30 GMT WED 07 MAR
1.3055 50% of 1.3487-1.2624
1.3025 30-Day Lower Bollinger
1.3 Psychological Level
1.2974 Daily Low Feb 16
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