Technical Analysis, Technical Analysis Forex
March 27, 2013 @ 8:12 am

Technical Analysis: EURUSD March 27

Technical Analysis: EURUSD March 27

Euro is bearish so sell on any bounces. The bias for negative sentiment remains today as long as EURUSD remains below $1.2890. A break through support $1.2800 will lead to first target toward $1.2720. A break at this level would open the potential for losses to $1.2662, which is the low reached in November 2012.

Meanwhile, an alternative scenario would be for the pair to reach Tuesday’s high, with buying back above $1.2890. Further target would ain for $1.2941.

 

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