Technical Trading Levels EUR USD April 05, 2012

Update 1 (): After making low at 1.3110 levels, the price has rebounded. The up move might be largely limited as many who lost the opportunity to ride this wave down will take every new high as a shorting point. That coupled with an extremely thin market because of the Easter weekend might induce rogue choppy moves today.

Level Technical Significance
1.33 Hrly Lo Apr 3 Now Resist
1.328 10-Day MA
1.324 Hourly High Apr 4
1.3215 21-Day MA
1.3147 02:30 GMT THU 05 APR
1.3049 Daily Low Mar 16
1.3031 21-Day Lower Bollinger
1.3004 Daily Low Mar 15
1.2974 Daily Low Feb 16

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