-
Euro fails to hold above key level - MIG bank
EUR/USD’s latest mid-March rebound failing to hold above the key level at 1.3290/95 (internal resistance), while also being weighed down by a renewed DeMark™ exhaustion signal. • Only a sustained daily close back above 1.3436/60 unlocks an extended recovery into our upside target zone at 1.3597 (200-day average). • Meanwhile, the bears need to close decisively below 1.3140, then 1.3000 (psychological support), in order to activate an important multi-month reversal pattern into 1.2630 (16 Jan swing low). • Inversely, the USD Index has temporarily dipped lower beneath key support at 79.07 (08 March low), with ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Mar 29, 2012 8:32am Mar 29, 2012 8:32am
- jaygee
- | Membership Revoked | Joined Jul 2010 | 2713 Comments
- Comment #2
- Quote
- Mar 30, 2012 5:43am Mar 30, 2012 5:43am
- liberty458
- | Joined Aug 2006 | Status: Member | 527 Comments
- Comment #3
- Quote
- Mar 30, 2012 12:43pm Mar 30, 2012 12:43pm
- Guest
- | IP XX.XX.204.205