Is the EUR/USD on its Way Towards a New Low?

 @ibtimes
on March 22 2010 6:40 AM

After two weeks in which the Euro saw a bullish correction against the Dollar, the EUR/USD pair seems on its way downwards. The pair is currently trading around the 1.3515 level, and a drop of 100 pips will mark a year low. Will it take place later on in the week?

Forex Market Trends

 
EUR/USD
GBP/USD
USD/JPY
USD/CHF
AUD/USD
EUR/GBP

Daily Trend

Weekly Trend

Resistance
1.3595
1.5035
91.30
1.0700
0.9215
0.9120

1.3575
1.5015
91.10
1.0680
0.9195
0.9100

1.3545
1.4985
90.80
1.0650
0.9165
0.9070

Support
1.3485
1.4925
90.20
1.0590
0.9105
0.9010

1.3455
1.4895
89.90
1.0560
0.9075
0.8980

1.3435
1.4875
89.70
1.0540
0.9055
0.8960

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