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EUR/USD Classical 03.18

EUR/USD Classical 03.18

2010-03-18 05:49:00
Joel Kruger, Technical Strategist
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EUR/USD: The market has been unable to close above 1.3800 since early February, and failure to do so again now, could once again expose a test of the recent range lows by 1.3440. A close above 1.3800 will open additional corrective upside, while back below 1.3640 keeps downside pressures intact. In the interim, we recommend that traders remain sidelined here.

 

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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