Trade Ideas For EURUSD March 12, 2012

Update 1 (04:48 GMT): 1.3090 has been supporting the price since some time. Weakening of the level will take the price to 1.3060 and ultimately 1.3000. Towards the higher levels, resistance is seen around 1.3150, 1.3180 and so forth.

Level Technical Significance
1.3291 Daily High Mar 8
1.3213 Alternating Hrly Sup/Res
1.3164 Alternating Hrly Sup/Res
1.3125 Hourly Resistance Mar 12
1.3093 04:40 GMT MON 12 MAR
1.3055 50% of 1.3487-1.2624
1.3001 21-Day Lower Bollinger
1.2974 Daily Low Feb 16
1.2931 Daily Low Jan 25

Technical significance levels courtesy of Thomson Financial.


About Praveen Pious Francis
A part-time blogger who has a wide range of interests including investing in the stock markets across the globe and broadband technologies in India.

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