Forex Signal (EUR/USD)

March 05, 2010
Ok, other than basic Forex discussion, from now on, I will discuss the analysis of specific daily forex signal EUR / USD, the source based on technical analysis and fundamental
a few days ago EURO Dollar rose against the optimism following the European MPs to crisis Greece, but Greek fears of recession could not overcome a back pressure EURO. Germany is expected to help, banks have downgraded their rating, it would make EUR / USD remains stuck in the position between 1.356 to 1.367 which means in the range of support-1 and highest in the range of resistant-1,we still wait until there is news strengthen the economic position or even to weaken Greece economy, the position of support or resistance-2 may be penetrated.

Here are the PIVOT point (EUR / USD)
PIVOT
R-4 1.3900
R-3 1.3837
R-2 1.3774
R-1 1.3677
1.3614 pivot
S-1 1.3517
S-2 1.3454
S-3 1.3357
S-4 1.3260

Signal EUR / USD 05 March 2010 that I recommend:
BUY: OP = 1.3580 SL = 1.3567 TP = 1.3627 TP2: 1.3658
SELL: OP = 1.3635 SL = 1.3687 TP = 1.3590 TP2 = 1.3583