Tuesday, March 23, 2010

Forex Signal (EUR/USD)

Today, the New York session, the EU has crossed the limits of 1.3450 means that can form a more bearish scenario to 1.33 and even 1.31. But the news from Germany a few hours ahead is likely to put a halt to further bearish, whereas if the actual results match or exceed the forecast predictions can be sure the EU will rise back to 1.35 position.

PIVOT
R-4 1.3683
R-3 1.3645
R-2 1.3607
R-1 1.3552
1.3514 pivot
S-1 1.3459
S-2 1.3421
S-3 1.3366
S-4 1.3311
My recommendations:
BUY@1.3489 SL@1.3454 TP@1.3534
SELL@1.3454 SL@1.3489 TP@1.3429

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