New EUR/USD Technical Analysis March 16th 2014

The EUR/USD shared currency pair has recently started getting back on its upwards trail seeing over 60 pips fighting to jump over the 1.3900 level this event lead to trading in the vicinity of the 1.3935 level. In the meantime the currency pair has started increasing its recovery pieces starting with the 1.3850 level.

Many traders believe that the EUR/USD shared currency pair is bound to spend some more in the proximity of the 1.3912 level managing to maintain its path of +0.33% values. In the near future the trading cross will return into its previous neutral position.




On the other side of the medal there are several strong resistance points starting with the 1.4000 level and continuing with the 1.4100 level and ending with the desired 1.4172 level.

 

On the other side of the coin by breaching the 1.3846 level this will open the door towards the 1.3843 at first followed close by the 1.3834 level.

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High = 1.3940chart360

 

Low = 1.3849

 

 

S3 = 1.3726 S2 = 1. 3761 S1 = 1.3795pricing QR code

 

R1 = 1.3919 R2 = 1.3954 R3 = 1.3989

 

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