Forex Trading Idea For EURUSD March 14, 2012

Update 1 (03:58 GMT): The price has been moving in between 1.3180 and 1.3060 since yesterday. It will continue to consolidate in between these two price points unless intense buying / selling pressure comes forth. Below 1.3060, the situation gets murky with a broad range in between 1.2970 to 1.2880 acting as the support points.

Level Technical Significance
1.3291 Daily High Mar 8
1.3213 Alternating Hrly Sup/Res
1.3192 Daily High Mar 13
1.3122 Hourly Resistance Mar 13
1.3075 03:50 GMT WED 14 MAR
1.3052 Daily Low Mar 13
1.2988 21 Day Lower Bollinger
1.2974 Daily Low Feb 16
1.2955 61.8% of 1.2624-1.3487

Technical significance levels provided by Thomson Financial LLC


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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