EURUSD 15 Mar 2012

Hi folks,

EURUSD as shown in above picture hesitate to break below 1.3000 barrier, strong pullback above 1.3050 expected for 1.3080/90 retest and after consolidation around there breaking 1.3100 for 1.3130/50 target test, from there we should reassess upcoming moves ahead.

My recommendation for today is entering long for 30-50 pip around 1.3040/50.

Thanks

Reza

6 members like this

Comment by Reza Ajorloei on March 15, 2012 at 10:42am: hi spiro

our job here is not prediction, just sharing thoughts....!

Comment by sowMa on March 15, 2012 at 11:16am: This site is useful to share ideas and to take their own decision to enter a trade.

Comment by Reza Ajorloei on March 15, 2012 at 12:10pm: 1.3070 seem to be resistance for now, triple top in M15 may lead to 30-50 pip sell off again.

Comment by Reza Ajorloei on March 15, 2012 at 3:13pm: Euro touched first channel resistance at 1.3080 now we should see next move more likely selling to 1.3040/30

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