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FOREX RATES
AUDUSD0.9080/82  
EURUSD1.2804/06  
GBPUSD1.5413/18  
USDJPY84.29/31  
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forex technical analysis > report


2010-03-10 08:15 GMT

EURUSD has extended bearish movement

by Investija.com

Bears are trying to gain their lost strength. While support level at 1.3573 holds, bears movement is limited. “M” shape is formed and short term downside movement is possible. Look for selling options below support barrier at 1.3573, but a breakout should be confirmed first.


Previous trend was stated as negative, below support, bears have an option to recover their power and initiate a continuation of previous negative trend.

EURUSD has extended bearish movement

    Support Resistance
4 Hours NEUTRAL TREND 1.3573 1.3701
    - 1.3795


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