EUR/USD Technical Analysis 23.03.2012

Amy Forex

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Hi All,

We notice on the daily chart a discrepancy between the stochastic and the trend so it is expected today to witness an increase of the euro after the corrective period that witnessed for two days and any penetration to the highest level of 1.3209 will push the price to the 1.3250-1.3280 area.

The key support level at stay stationed at 1.3189 and the lowest prices are trading above this level it gives a signal to the bullish trend to continue and the next target in the medium term would be about $1.3325.

chart23.png


Good Luck :)
 
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