Spot EUR/USD Forecast for 03/06 by

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EURUSD hit resistance at 1.3077 which did hold the bounce as predicted, but a break above here today looks more likely & targets 1.3145 which should hold the topside now. If however we push through 1.3165 we look for a selling opportunity at 1.3199 with our stop needed above 1.3225.

Support today at 1.3016/10 then last week’s low at 1.2967 offers better support. A break is unlikely now but could target 1.2890/80 before finding support in this down trend. However below here we should test the 200 day MA at 1.2846.




Long term levels

1.3711      2013 High

1.3528      200 Week Moving Average

1.3486      2012 High

1.3331      100 Week Moving Average

1.3319      Last week’s high

1.3135      100 Week Moving Average

1.3074      38.2% Fibonacci

1.2967     Last week’s Low

1.2877     50% Fibonacci

1.2846     200 Day Moving Average

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