EUR/USD Forex Technical Analysis 17 of March 2014

The EUR/USD shared currency pair found today a lot of influence in the trading session coming from the early release of the C.P.I. numbers in the European Union.

The shared currency pair looked down as it started backtracking after if jumped close to the EU inflation data. The C.P. (the consumer process) went up by a small value of +0.3% for the last month of 2014 and by a total value of +0.7% for the last year coming in close to the predicted value of +0.8%.

 

For the time being the EUR/USD “fiber” currency pair is now trading in the close vicinity of the 1.3890 level just under the 0.1% increases of the day or the debut price of the trading session many traders believe that the ongoing social and political issues in Crimea?regarding the referendum is the main problem generator here.

On the other side of the medal there are many resistance points starting with the 1.3915 point followed close by the 1.3937 level and ending with the strong 1.3966 level.

 

If we look the other way then we ll notice that there are plenty support level ranging from 1.3878, 1.3845 and lastly the desired 1.3800 important point.

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High = 1.3918?chart361

 

Low = 1.3880

 

 

 

S3 = 1.3813 S2 = 1. 3847 S1 = 1.3882pricing QR code

 

R1 = 1.3972 R2 = 1.4007 R3 = 1.4042

 

 

 

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