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Intra-Day EUR/USD Outlook: March 23, 2012

Published 03/22/2012, 10:46 PM
Updated 01/01/2017, 02:20 AM
EUR/USD
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MAR
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Current retreat after extending the rebound from yesterday's low of 1.3134 to 1.3213 suggests an intra-day top has possibly been made and risk has increased for a pullback to 1.3185/90 but as long as 1.3173
support holds, daily bullishness remains.

Below 1.3173 would signal recovery is over instead and yield resumption of a fall from 1.3286 to 1.3134.

Range Forecast
1.3190 /1.3213

Resistance/Support
R: 1.3213/1.3254/1.3286
S: 1.3173/1.3144/1.3134
    
Last Update At
23 Mar 2012 02:18 GMT

Rate     
1.3200     

Strategy/Entry Level
Stand aside

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