EUR/USD Forex Technical Analysis 11th of March 2014

 

The EUR/USD shared currency pair started traveling on a correction path backpedaling towards the 1.3914 level this event occurred just before the announcement of the non-farm figures on the last day of the trading week.

Many analysts believe that the EUR/USD fiber currency pair will found some steam and managed to get in touch with the 1.3835 level because a bid was sighted and the stop orders started to cave in.

For the time being the single currency pair is now trading in the proximity of the 1.3840 point going down by a small yet negative value of -0.3% for today’s trading session.

It is worth mentioning that many traders think that the 1.3914 level will gradually become a trading peak as long as the bias continues to remain negative this will eventually lead to a short movement towards the 1.3820 important support point.

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High = 1.3881chart357

 

Low = 1.3835

 

 

S3 = 1.3800 S2 = 1. 3836 S1 = 1.3869?pricing QR code

 

R1 = 1.3907 R2 = 1.3942 R3 = 1.3977

 

SCAN THIS CODE FOR MORE INFORMATION

 

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