EUR/USD - Daily technical analysis

By IBTimes Staff Reporter | March 30 2010 11:00 AM

The pair just rebounded at the 1.3472 pivot point, even though we see some weakness on the pair, which could mean a new bearish rebound in the next hour. On the one hour chart, the price is consolidating with the 50 days MA, while the 14 days RSI is on neutral ground. On the four hours chart, the Ichimoku cloud confirms the bearish trend of the pair, while traders wait for the interception between the base and divergent averages. Above, the next resistance is at 1.3525, while the support below is at 1.3437 dollars per euro.

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