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Daily Forex Analysis – March 21, 2013

Forex Analysis

This post by ForexCycle.com has been reprinted from Forex Market Analysis.

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EURUSD Analysis. EURUSD remains in downtrend from 1.3711 (Feb 1 high), the rise from 1.2843 is likely consolidation of the downtrend. Key resistance is now located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to resume, and another fall to 1.2800 is [...]

ForexCycle.com @ March 21, 2013

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