The EUR/USD pair rose during the session on Monday as the markets continue to breathe a sigh of relief after the Greek bailout package was passed. However, the 1.3250 level is just above, and it looks as if it could be a spot where we will see the sellers step back into the markets. After all, the situation in Europe hasn't been changed; simply put on hold is all. With this in mind, we are looking for signs of weakness at the 1.3250 level, and also at the 1.35 level. The pair cannot be bought in our opinion until we close above the 1.35 handle, as it would show real momentum for the bulls.

EUR/USD

EUR/USD Forecast March 20, 2012, Technical Analysis

EUR/USD Pivot Points (Time Frame: 1 Day)

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
1.3039
1.3090
1.3162
1.3213
1.3285
1.3336
1.3408

 Fibonacci
1.3090
1.3137
1.3166
1.3213
1.3260
1.3289
1.3336

 Camarilla
1.3200
1.3211
1.3223
1.3213
1.3245
1.3257
1.3268

 Woodie's
-
1.3095
1.3173
1.3218
1.3296
1.3341
-

 DeMark's
-
-
1.3311
1.3226
1.3188
-
-