Monday, March 30, 2009

EUR/USD Analysis - March 30th

Daily Chart –
Technical - Appears to be headed downward this week. Current support at 38.2% Fibonacci (1.3244).
Fundamental – A number of Eurozone announcements are due today, all of which are
bearish for the EUR.



With Fibonacci 2, pair appears to be showing support @ 21.4% (1.3287)
Potential Strategy: SELL EUR/USD if pair fails at 1.3287.

Let's see in a couple of hours how this pair will form up.


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