Spot EUR/USD Forecast for 03/08 by

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EURUSD reached our target of 1.3077/80 & if we can hold above here we look for the next target of 1.3145 today, which should hold the topside at this stage. If we push through 1.3165 we look for a test of 1.3199 resistance with 1.3250/55 likely to hold a bounce this week.

1.2965 support is providing a floor to the recent sell off & could hold again if we fall this far, but a break should target 1.2890/80 before finding support in this down trend. However if this fails 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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