EUR/USD Technical Analysis MARCH 26, 2012



Level Technical Significance
1.3487 2012 High Feb 24
1.3486 Daily Highs Feb 24 & 29
1.3430 21-Day Upper Bollinger
1.3357 Daily High Mar 1
1.3356 19:40 GMT MON 26 MAR
1.3253 Hourly Support Mar 26
1.3193 Session Low Mar 23
1.3170 10-Day MA
1.3134 Daily Low Mar 22
Position At Open/Close Target Stop
LONG 1.3225 2012-03-23T12:58:00 1.3420 1.3155
We've adjusted our target to falling, upper, 21-day Bolli band's likely position on Tuesday. Today's breakout beyond the last week's highs gives the trade fresh credentials. Next hurdles are prior daily highs and lows by 1.3355 & the upper 10-d Bolli at 1.3360. Uptrend is using the 10-DMA as support today. (RD)
               


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