Technical Analysis: EUR/USD 2012.03.09

March 09, 2012 09:00

The pair reached the 100-Day SMA by 1.3260. Should it break and hold above this level, the uptrend will likely continue towards the 1.3485 resistance or beyond ahead of the 200-Day SMA by 1.3675. Otherwise we could see a setback towards the 50-Day SMA, with a break below to extend declines ahead of the 1.2625 low.

Edward Smith, technical analyst of company Admiral Markets.

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