March 10, 2010 (GMT +7, Jakarta, Bangkok, Hanoi Times)
As we saw yesterday EUR / USD fell to the support-1, and then climbed back and stagnate in the PIVOT point range. This is because due to the absence of positive signal of improving the economic crisis of Greece, plus the strengthening of the stocks in the United States stock index. Formation Monetary Fund Idea Europe also got a negative response and the questionable success (source: reuters.uk). There is the possibility EUR / USD price is going to fall back to support-2, but the most likely possibility at least until the support-1. EURO likely will rise to resistance-1 or even resistance-2, if there is news that could reduce fears of the Greek crisis, and then flat on the PIVOT point
PIVOT
R-4 1.3797
R-3 1.3743
R-2 1.3689
-1 1.3645 R
1.3591 pivot
S-1 1.3547
S-2 1.3493
S-3 1.3449
S-4 1.3405
My recommendations:
BUY@1.3615 SL@1.3585 TP@1.3645 TP2@1.3703
SELL@1.3609 SL@1.3625 TP@1.3563 TP2@1.3545
No comments:
Post a Comment