Technical Analysis: EUR/USD 2012.03.12

March 12, 2012 10:46

The pair dropped to the 50-Day SMA by 1.3100. Breaking and consolidating below this level would confirm declines ahead of the 1.2625 low. However, should the pair hold above the 50-Day SMA, we could see a rebound back towards the 100-Day SMA by 1.3250, with a break above to continue the uptrend towards the 1.3485 resistance or higher ahead of the 200-Day SMA by 1.3670. 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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