Tuesday, March 16, 2010

Forex Signal (EUR/USD)

March 17 GMT +7 (Jakarta, Bangkok, Hanoi Times)
EUR / USD has breakhigh yesterday, this indicates bullish to test 1.3860 level or even further to 1.4 for a few weeks ahead. U.S. Fed decision that does not raise interest rates and fears of economic crisis, the Greek cause an increase reduced to EURO and the weakening of USD against all other currencies, but this bullish scenario may fail if the economic data of the USA have increased.

PIVOT
R-4 1.4017
R-3 1.3939
R-2 1.3860
R-1 1.3813
1.3734 pivot
S-1 1.3687
S-2 1.3608
S-3 1.3561
S-4 1.3513
My recommendations:
BUY@1.3780 SL@1.3760 TP@1.3810 TP2@1.3840
SELL@1.3760 SL@1.3780 TP@1.3750 TP2@1.3721

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