Euro Technical Major Currencies (2011-02-24)

By @ibtimes on

Morning Report

The pair stabilized above pivotal resistance 1.3715, while it continues its support through SMA 50; therefore, making us hold onto bullish intraday expectations that require trading to stabilize above 1.3715. Chief targets start around 1.3860 then 1.3980.

The trading range for today is among the key support at 1.3610 and the key resistance at 1.3980.

The short term trend is to the upside as far as the daily closing is above 1.2795 remains intact with targets at 1.5135.

Previous Report

Weekly ReportSupport1.37151.36801.36101.35401.3470Resistance1.37851.38251.38601.38901.3980RecommendationBased on the charts and explanations above our opinion is buying the pair around 1.3715 targeting 1.3860 and stop loss below 1.3610, might be appropriate.

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