Tuesday, 9 March 2010

EUR/USD technical analysis today 09/03/2010:

I expect the price to continue downward with an initial target at 1.3550 support, а descent below it will open the way to the next key level at 1.3440-1.3450. The resistance is still located at 1.3750. Only if the pair goes above that level we may see another strong rise up to the 1.3950 zone.

S:   1.3569    1.3584    1.3594
R:   1.3619    1.3634    1.3644     

Current trend: SELL