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Eur/Usd technical perspective

Posted on March 9, 2009 at 11:27 in Short-Term Analysis by Valeria Bednarik

The pair can’t hold the pressure and is falling dragged by Gbp. Actual candle opened under the 20 SMA and indicators have turned pretty bearish. Consider first support around 1.2550, followed by 1.2510/20, 1.2486 and 1.2456, past week low. Only above 1.2660 the pair could regain some bullish steam to next resistances at 1.2660 tough zone, and 1.2710 level.

 

Tags: eurusd

One Response to “Eur/Usd technical perspective”

  1. on 09 Mar 2009 at 8:49 pm1mike

    Dear Valeria,
    Thank you for all the information you provide its been bery helpful. Do you think that Eur can fall even more and go under 1.23?

    Thanks in advance
    Regards,
    Mike

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