Comment by sowMa on March 7, 2012 at 10:35am

Hi Reza , what will be today's resistance for eu ? i think around 3165 ??

Comment by Reza Ajorloei on March 7, 2012 at 10:59am

Hi sowma,

I think 1.3190/3210 resistance to be in place for today. More gains may seen nearing 1.3250 level even tomorrow.

Comment by sowMa on March 7, 2012 at 11:23am

Thank you Reza, i'll be waiting for your next update.

Comment by Reza Ajorloei on March 7, 2012 at 4:19pm

Rajesh

You are right, heavy oversold dictate good bounce at least to 1.3200 level, but I'm not sure at current levels regarding sell enter at that level, Euro may continue long time range move in 1.3100-1.3350 before breaking lower.

Comment by Reza Ajorloei on March 8, 2012 at 4:42am

Euro edged higher now quoting at 1.3173 ,  expect more gains after consolidating above 1.3150 for 1.3200 and 1.3240 targets.

Comment by Reza Ajorloei on March 8, 2012 at 12:17pm

Euro now is touching 1.3240 barrier, declines to levels below 1.3200 expected to take place in coming hours with 1.3170 acting as support to reject more declines. 

Comment by sowMa on March 8, 2012 at 3:51pm

eu moving high ,we see strong support  @ 1.3230

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