The EUR/USD pair fell after bouncing around during the Wednesday session. The pair is currently trading just under the 1.3250 resistance area, and it makes sense that it would struggle as a result. The Spanish and Portuguese bond markets saw a bit of a spike for the session, so it looks like we are worried about European debt yet again. As long as the problem isn't fixed - and it won't be for some time - we are selling Euros on the whole. On a break of the lows for the session, we would short this pair, expecting to see 1.30 as the next target. Buying isn't even a thought.

EUR/USD

EUR/USD Forecast March 22, 2012, Technical Analysis

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
1.3077
1.3128
1.3183
1.3234
1.3289
1.3340
1.3395

 Fibonacci
1.3128
1.3169
1.3194
1.3234
1.3275
1.3300
1.3340

 Camarilla
1.3209
1.3219
1.3229
1.3234
1.3248
1.3258
1.3268

 Woodie's
-
1.3129
1.3186
1.3235
1.3292
1.3341
-

 DeMark's
-
-
1.3262
1.3220
1.3156
-
-