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EUR/USD outlook 4/03/2010 of FXCBS

Discussion in 'Technical Analysis' started by fxcbsar, Mar 4, 2010.

  1. fxcbsar

    fxcbsar New Member

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    Thursday March 4 , 2010

    EUR/USD outlook

    The bearish channel which started since the first of December 2008 at the levels of 1.51400 and reached the bottom at 1.34350, confirms that the decline is still in place for the pair euro against the U.S. dollar to close at 1.3000 Initially, the resistance levels of 1.37350 and 1.38000 are very important to confirm our expectations, it should not be penetrated it to keep our expectations of the pair to descend further to our targets.

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    Senior Analyst / Ali Hasan /FXCBS

    http://www.fxcbs.com/newsletter/outlook.html

    Forex ECN Broker , Currency Online Trading , Low Spread , Free Trading Software


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