EUR / USD – Daily Outlook for Tuesday 30 March 2010
March 30th, 2010
The euro was strong yesterday and climbed in the course of the recovery back on the last lows at 1.3440 - 1.3480 USD. So that the bears are initially thwarted. ...
EUR / USD - Euro against U.S. Dollar - ISIN: EU0009652759
Trade: 1.3529 USD
Intraday resistance: 1.3586 / 1.3600 + 1.3700 + 1.3802
Intraday support: 1.3440 / 13420 + 1.3365 / 1.3375 + 1.3268 + 1.3200
Trend: UP / Sideways
Review: The euro was strong yesterday and climbed in the course of the recovery back on the last lows at 1.3440 - 1.3480 USD. So that the bears are initially thwarted, the return of 1.3440 USD neutralize the bearish picture being.
Chart-view: The euro
has created space for a continuation of the two-day rally from the yearly low. Until 1.3586 - 1.3600 and 1.3700 USD could also be about the single currency to climb now. A sustained increase of U.S. $ 1.3700 would make possible a further rise to 1.3802 - 1.3848 USD. Larger buy signals occur above 1.3850 USD, then opened further upside to 1.4010 - 1.4050 USD.
Tilts EUR / USD but now back down and significantly below U.S. $ 1.3420, the bears still get their chance. Can then charges up to 1.3365 - 1.3375 and follow them to the low of 1.3268 U.S. dollars. Lows to be below this point of view of the coming weeks and months of possible further losses to 1.2827 USD.
Euro against the U.S. dollar itself monitor and evaluate chart-: click here
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Price performance since 12.03.2010 (log. candlestick chart Presentation / 1 candle = 1 hour)
Tags: Foreign Exchange, single currency, Trading