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Forex Trading : EURO DOLLAR (EUR/USD) Daily Technical Analysis

Last Updated (Tuesday, 09 March 2010 13:57) GMT

EUR/USD Hourly Chart
EUR/USD Hourly Chart
EUR/USD Daily Chart
EUR/USD Daily Chart
EUR/USD (EURO DOLLAR) outlook

EUR/USD: Current 1.3547.
 
This currency pair crashed down today again but if you see the daily chart it is just moving sideways within the Bollinger bands. We expect a support at 1.3520. If EUR/USD breaks down below 1.3520 then it should go to 1.3480. No trade configuration at the current level and we are not taking any position at this price level.

A speculative buy position can be entered at 1.3520 with a stop-loss a few pips below 1.3500 and take profit target of first 1.3550 and then 1.3580.

"Please see our longer-term outlook under trading Approaches"

 

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Please also take a look at longer term approach (weekly analysis) under “Trading Approaches” (link at the left hand side under "Technical Analysis".
Resistance & Support levels
Resistances:1.3650, 1.3740, 1.3780
Supports:    1.3520, 1.3480, 1.3390

We update Pivot Point calculations around 13:30 GMT. Please check the date of last update at the top of the page.
 

Standard Pivot Point for EUR/USD Fibonacci Pivot Point for EUR/USD Woodie Pivot Point for EUR/USD Camarilla Pivot Point for EUR/USD
R3 1.3781 R3 1.3737 R3   R3 1.3603
R2 1.3737 R2 1.3687 R2 1.3727 R2 1.3592
R1 1.3652 R1 1.3657 R1 1.3632 R1 1.3580
Pivot 1.3608 Pivot 1.3608 Pivot 1.3598 Pivot 1.3608
S1 1.3523 S1 1.3558 S1 1.3504 S1 1.3556
S2 1.3479 S2 1.3528 S2 1.3469 S2 1.3544
S3 1.3394 S3 1.3479 S3   S3 1.3533
Open 1.3667 Open 1.3667 Open 1.3667 Open 1.3667
High 1.3692 High 1.3692 High 1.3692 High 1.3692
Low 1.3563 Low 1.3563 Low 1.3563 Low 1.3563
Close 1.3568 Close 1.3568 Close 1.3568 Close 1.3568
Correlation: Please click here to check correlations with other currency pairs

 
 
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