Saturday, February 27, 2010

EUR-USD Technical Analysis - 27 February 2010

Currency Trading For Dummies
It is now the 4th month the EUR-USD pair has been going down and still there is no sign of correction. However we have to be careful because after 4th candlestick is formed it could be an ideal position for correction. The only problem is we just don't know when exactly it will happen. Perhaps the beginning, middle, or end of march all is possible.

Based on the proper technical analysis the pair is struggling to move deeper down to 1.3250 but it seems no possible last week. But we will see in March what will happen.

Correction Level Target:
1.3750
1.3843
1.4000

Continuation Target
1.3462
1.3378
1.3267

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