FX Trade Idea For EURUSD March 15, 2012

Update 1 (02:51 GMT): The price is finding temporary support at the 1.3000 level which is not a surprise due to it being an important psychological level. 1.3000, 1.2970 to 1.2880 are the forthcoming support points. Sell orders are expected to accumulate in and around 1.3060 value. And the price might find it difficult to pierce through the 1.3150 to 1.3240 bracket. Please trade with caution.

Level Technical Significance
1.3213 Alternating Hrly Sup/Res
1.3192 Daily High Mar 13
1.3122 Hourly Resistance Mar 13
1.309 Daily High Mar 14
1.3033 02:50 GMT THU 15 MAR
1.2974 Daily Low Feb 16
1.2955 61.8% of 1.2624-1.3487
1.2931 Daily Low Jan 25
1.2839 Daily Low Jan 19

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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