March 2010 Blog Posts (2)

EUR/USD: gaining strength

Euro is getting some support from stocks and gold that are quite bullish after better than expected US data. Current bullish momentum will find resistance around 1.3570/80 area, where we find several candle highs from these last days, along with the 61.8% retracement of last bullish rally. If pair manages to reach that area, yet remains unable to break higher, should be consider a corrective pullback to the area, and once back under 1.3530, bearish trend should resume to next strong area around… Continue

Added by FXStreet on March 24, 2010 at 9:59am — No Comments

Currency Majors Technical Perspective

EURUSD Current price: 1.3508

EURUSD



Good morning. I hope you had a great weekend. No let up for the EURUSD pair. We are just sitting on the big figure support (1.3500) where we stalled on Friday. If we can break this level then 1.3460 should come into play. This held the pair at the end of March. A break of 1.3545 would be the… Continue

Added by FXStreet on March 22, 2010 at 10:00am — No Comments

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