EUR/USD Forex Technical Analysis 6th of March 2014


The EUR/USD shared currency pair is now trading backwards in the close vicinity of the 1.3760 level after shortly touching the 1.3780 level released by the European Central Bank.


The European Central Bank made small adjustments today for its fiscal policy which annoyed many traders who where hoping to receive some good news for the deposit figures.


Right now analysts are still waiting for Mr. Draghi’s meeting to end which will guide the trading cross in the vicinity of the 1.3748 level.
For the time being the EUR/USD shared currency pair is up by a positive value of +0.18% in the close vicinity of the 1.3754 level continuing its path towards the 1.3782 and the 1.3793 point.

On the other side of the coin by going under the 1.3707 level this would clear the way towards the 1.3703 point at first followed close by the 1.3694 (low Feb.28).


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High = 1.3819



Low = 1.3722





S3 = 1.3630    S2 = 1. 3664     S1 = 1.3698  pricing QR code


R1 = 1.3741    R2 = 1.3775     R3 = 1.3810




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