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Monday, March 18, 2013

$EURUSD UPDATE AFTER MAKING A LOW 1.2882 : 18 MAR 2013

THE CRUCIAL PIVOT FOR THE DAY IS @ 1.2940 , A BREAK ABOVE 1.2980 #EURUSD PAIR WOULD TEST 1.3012 - 1.3034 HOWEVER A CRACK BELOW 1.2900 DOWNSIDE TGT INTACT @ 1.2846 - 1.2824

LTP - 1.2952

STRATEGY : RISK APPETITE TRADERS SELL ON RISES ABVE 1.2950 FOR TGT 1.2846 , OTHER TRADER'S CAN WAIT FOR 1.3034 TO SELL FOR TGT 1.2840 - 1.2792

TREND : FIRM BEARISH

TREND REVERSAL PIVOT FOR THE WEEK : 1.3118
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