Techs on EUR/USD

Market news

18 March 2011

Techs on EUR/USD

Resistance 3:$1.4280

Resistance 2:$1.4250

Resistance 1:$1.4160

Current price: $1.4132

Support 1: $1.4040

Support 2: $1.3920

Support 3: $1.3850

Comments: Rate looks optimistic, holding above $1.4100. Minor resistance is around $1.4160 (Oct15'2010 high). Above there is a risk to go higher to $1.4250. Stronger resistance comes at $1.4280 (Nov 05 high). Initial support is near $1.4040 (EU low), then - at $1.3920 (support line comes at Mar 11). Stronger support is around $1.3850 (support line from Feb 14 ).

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