Technical Analysis: EUR/USD 2012.03.02

March 02, 2012 11:13

The pair is consolidating by the 100-Day SMA at 1.3300. Breaking below this level would confirm setbacks towards the 50-Day SMA by 1.3065 or beneath ahead of the 1.2625 low. However, should the pair hold above the 100-Day SMA, the upside rally will likely continue towards the 200-Day SMA by 1.3710.

Edward Smith, technical analyst of company Admiral Markets.

At any use of the analytical material taken from a site of company Admiral Markets, and the secondary publication on any other resources, the rights to intellectual property for a dealing centre «Admiral Markets», the reference to a company site is obligatory.

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