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Monday, March 4, 2013

EUR/USD - Euro US Dollar - 04 MARCH 2013 - TREND - LEVELS & TRADING STRATEGY ALONG WITH PROBABLE TRADING PATTERN

BEST BUY & SUPPORT (1ST RESIS & SHORT ENTRY LEVEL) 1.3048,
ACTUAL RESIS & BEST SELL LEVEL IS @ 1.3184,
A BREAK ABOVE 1.332 UPSIDE TGT IS @ 1.3452 / 1.3534,
HOWEVER A CRACK BELOW 1.2912 DOWNSIDE  TGT INTACT @ 1.2832/1.2750
LTP - 1.3013

BEST STRATEGY : SELL @ 1.3048 FOR TGT 1.2916
Trend - daily - firm bearish
Weekly trend : firm bearish - we may witness some struggle by bulls to regain the sub levels - but its unlikely to hold @ further  slide is evident

Probable pattern

Early week  we may  fall from 1.3048 to 1.2916 - Again regain some momentum to test 1.3185 & sharp sell off  for targets 1.2886

If at all early week the pair  breaks out above 1.3048 & make a high of 1.3148 - then  sharp sell of for the targets 1.2916/1.2886

If we break out & test 1.332 in the early week then we shall slide further than the expected tgts eyeing 1.2832/1.2750/1.2626

** we keep updated based on real time trend **

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