Technical Analysis: EUR/USD 2012.03.26

March 26, 2012 09:54

  The pair is trading above the 100-Day SMA, so we still look for additional gains towards the 1.3485 resistance or higher ahead of the 200-Day SMA by 1.3615. Only a clear break and consolidation below the 100-Day SMA could trigger a setback towards 1.3000, with a break below to confirm the bearish bias and accelerate declines ahead of the 1.2625 low.    

Edward Smith, technical analyst of company Admiral Markets.

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