Technical Analysis: EUR/USD 2012.03.01

March 01, 2012 10:56

The pair dropped to the 100-Day SMA by 1.3300. However, while it trades above this level, we look for an additional upside rally towards the 200-Day SMA by 1.3720. Breaking below the 100-Day SMA would negate our outlook and confirm setbacks towards the 50-Day SMA by 1.3060 or beneath ahead of the 1.2625 low.

Edward Smith, technical analyst of company Admiral Markets.

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