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EUR/USD Classical 03.26

EUR/USD Classical 03.26

2010-03-26 04:29:00
Joel Kruger, Technical Strategist
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EUR/USD:  Daily studies have had time to unwind from oversold levels following the major drop in January and February, and there is plenty of room for studies to track lower which is supportive of the prospects for continued weakness. In the interim, key short-term resistance comes in by 1.3385, with a break to potentially open 1.3450-1.3500, but only a break back above 1.3570 would ultimately take the immediate pressure off of the downside.

 

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