Top Trade Ideas For EURUSD March 21, 2012


Update 1 (02:16 GMT): As cited in yesterday’s post, a reversal from 1.3180 level did occur. A steady stream of positive news is required for the price of the pair to breach higher levels. Until then, expect high volatility swings to either sides at this point. Immediate resistance zones are 1.3300, 1.3360 and 1.3430.

Level Technical Significance
1.3333 Daily High Mar 2
1.3291 Daily High Mar 8
1.3279 Daily High Mar 9
1.3265 Daily High Mar 19
1.3263 02:10 GMT WED 21 MAR
1.3172 Session Low Mar 20
1.3153 10-Day MA
1.3142 Daily Low Mar 19
1.3118 30-Day MA

Update 2 (15:28 GMT): Once again, the price is resting on the 1.3180 level. Yesterday, we saw a violent reversal from these levels. The same players might be active right now. Tread with caution.

Level Technical Significance
1.3357 Daily High Mar 1
1.3333 Daily High Mar 2
1.3291 Daily High Mar 8
1.3283 Hourly High Mar 21
1.3194 15:10 GMT WED 21 MAR
1.3172 Daily Low Mar 20
1.3162 10-Day MA
1.3142 Daily Low Mar 19
1.3103 55-Day MA
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