Fri, 27th of March, 2009 March 27 Market Commentary and Technical Levels By Setyo Wibowo (analyst@fxinstructor.com) EURUSD Outlook EURUSD still made no significant movement yesterday, trapped between 1.3735 – 1.3435 area. We have no clear direction so far and remain in the “no trade zone”. Daily CCI just cross the 100 line down suggesting a potential bearish view, but as long as price stay above 1.3435 the bearish scenario is not yet confirmed. Consistent movement below 1.3435 could trigger further bearish momentum targeting 1.2990 area. EURUSD Daily Supports and Resistances: S1= 1.3467 S2= 1.3408 S3= 1.3323 R1= 1.3611 R2= 1.3696 R3= 1.3755 Full Story
No comments:
Post a Comment