Spot EUR/USD Forecast for 03/27 by Daytradeideas.com

 
on March 27 2013 8:55 AM
EURUSD
EURUSD daytradeideas.com

EURUSD held 1.2890/80 & Monday’s low at 1.2830 in the downtrend so the same levels apply for today. We run in to resistance today at 1.2890/80 but if we push through 1.2902 look for 1.2945. We can look for a top here & try selling short with a stop above 1.2970. Next resistance is at 1.3015/20 for trying shorts again. Support at 1.2845/30 but below here we could sink further to 1.2795 & then 1.2745/35. If prices were to continue lower we should test 1.2690/80 support.

Long term levels

1.3711      2013 High

1.3515      200 Wk Moving Average

1.3486      2012 High

1.3284      100 Week Moving Average

1.3133      100 day Moving Average

1.3010      Last week’s high

1.2844      Last week’s Low

1.2860      200 Day Moving Average

 

The article was first published by DayTradeIdeas.com

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