Analysis and Recommendations:

The EUR/USD climbed a bit today after dropping to 1.3166 over the weekend, trading at 1.3226 after hitting a high just a few days ago of 1.3479. The euro should find a home in the 1.31 range this week. For some reasons investors are once again spooked over the Greece PSI bond swap, which has a deadline of March 8th. In the US today the ISM reported a lackluster month, adding to the weakness of the USD.

Monday March 5, 2012 Economic Data Release actual v. forecast

 

AUD

 
 
 

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

 Name  S3  S2  S1  Pivot  R1  R2  R3

 Classic
1.3094
1.3127
1.3174
1.3207
1.3254
1.3287
1.3334

 Fibonacci
1.3127
1.3158
1.3176
1.3207
1.3238
1.3256
1.3287

 Camarilla
1.3199
1.3206
1.3214
1.3207
1.3228
1.3236
1.3243

 Woodie's
-
1.3131
1.3181
1.3211
1.3261
1.3291
-

 DeMark's
-
-
1.3271
1.3215
1.3191
-
-