Forecasts
Forex Guides
Members

EUR/USD Forecast Technical 26 Mar 13



Good day forex traders.

It is the second day of trading and I hope you are trading well so far. With the current fundamental situation so complicated, it would be wise to ensure proper money management.

In the previous EUR/USD forecast we note that the currency pair is near the support of 1.2850.

20130326-221311.jpg

Looking at the EUR/USD daily chart above, we note that the currency pair remains right above the support of 1.2850. As per previous forecast by Elmar, a breech of 1.2850 may bring us to 1.2800 and after which 1.2700 as an extended bearish target.

Enlisting the assistance of additional indicators, mainly a Simple Moving Average and Bollinger Bands we observe that the EUR/USD still has no signs of a reversal for now although I mentioned earlier that the RSI suggests weaken bearish pressure.

Do note that the EUR/USD is considered rather sold in terms of technical analysis and hence there is a possibility that it corrects back to the middle of the bands which lies right about 1.3.

Trade safely.

Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • eur usd weekly forecastEUR/USD Forecast Technical 26 Mar 13
  • EUR/USD Forecast Technical 26 Mar 13
  • Retail forex traders open positionsEUR/USD Forecast Technical 26 Mar 13
  • EUR/USD Forecast Technical 26 Mar 13
  • EUR/USD Forecast Technical 26 Mar 13
  • forex market low volume low liquidityEUR/USD Forecast Technical 26 Mar 13
TheGeekKnows