Thursday, 11 March 2010

EUR/USD technical analysis today 1/03/2010:

The pair remains in downtrend position. Another rise could be seen at some point today towards the 1.3800 zone. Otherwise, a fall below 1.3500 zone could indicate further downtrend movement towards the 1.3400 area. Looks like the major sell zone at the present moment is located around 1.3600 zone. It is good for taking short positions.

Current trend: SELL