EUR/USD Forex Technical Analysis 12 of March 2014

 

The EUR/USD shared currency pair is now trading way beyond the 1.3900 level and all eyes are now on the 1.3915 level.

Many analysts believe that the trading cross was empowered by the European Central Banks passive action and has already started showing signs of moving towards the 1.3915 level and most important the euro single currency has started gaining strength.


For the time being the EUR/USD shared currency pair is up by a positive value of +0.27% in the close vicinity of the 1.3898 level thus by breaching the 1.3915 level this would clear the path towards the 1.400 level continuing its path towards the 1.4172 level.

 

On the other side of the cross there are several support points starting with the 1.3843 level continuing with the 1.3834 level and ending with the “desired” 1.3811 point.

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High = 1.3907?chart358

 

Low = 1.3844

 

 

S3 = 1.3756 S2 = 1. 3790 S1 = 1.3825pricing QR code

 

R1 = 1.3871 R2 = 1.3906 R3 = 1.3940

 

 

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