EUR / USD – Daily Outlook for Monday 29 March 2010

dda7681euro-h The euro , but could easily recover, but was not near the outbreak levels in 1.3440 - 1.3480 USD. On the contrary, it came in the evening again to selling pressure that pushed the single currency to new lows. ...

EUR / USD - Euro against U.S. Dollar - ISIN: EU0009652759
Trade: 1.3447 USD Intraday resistance: 1.3477 + 1.3586 / 1.3600 Intraday support: 1.3350 / 1.3370 + 1.3268 + 1.3200 Trend: Sideways
Review: The euro on Friday recovered significantly from the heavy losses the previous day. Even today, the single currency showed strength and reached the break level at 1.3440 - 1.3480 USD. The very short-term chart picture is worth neutral.

Chart-view: The response to

the outbreak level at 1.3440 - 1.3480 USD could now end up right back and tilt EUR / USD back down. Then, the sales could be continued. In view of the coming weeks and months would be below U.S. $ 1.3268 U.S. $ 1.2827 up more losses possible.

Only a sustainable return of U.S. $ 1.3480 would prevent further losses and enable a recovery to 1.3586 - 1.3600 USD. Only a sustained increase of U.S. $ 1.3700, however, would trigger a buy signal is small, then a rise to 1.3802 - 1.3848 USD would be possible. Larger buy signals occur above 1.3850 USD, then opened further upside to 1.4010 - 1.4050 USD.

Euro against the U.S. dollar itself monitor and evaluate chart-: click here Foreign exchange rates in the free on your personal Price performance since 12.03.2010 (log. candlestick chart Presentation / 1 candle = 1 hour)

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