EURUSD Outlook – 20-Mar-13

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    Forex Useful
    Forex Useful
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    Yesterday’ssharp decline took EURUSDmost ofthe way down tomy nexttarget at
    $1.2820 before the current,feeble recovery kicked in. Isee this ending in further
    downside, with a further objective at $1.2800.

    Day‐trade: Stay shortif already short.Otherwise short a drop from nearthe 13‐
    fourhourly EMA($1.2936).

    Position‐trade: Stay shortif already short.

    SUPPORT RESISTANCE
    $1.2875 $1.2995
    $1.2820 $1.2970
    $1.2800 $1.2939
    $1.2756 $1.2906

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