EURUSD falls below the 1.3530 low

Written March 19, 2010 at 10:24 AM EST by  

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The EURUSD has moved below the 1.3530 low price from March 5th and moved to a new low at 1.3519. The pair has longs caught and they scramble to cover as the weekend approaches. The topside should now use the 1.3539 level as stops to the upside.  The 1.3512 area is support. The market based at this level in early March when the price was last at this area .  A move below targets 1.3482.

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One Response to “EURUSD falls below the 1.3530 low”

  1. Lee Barker on March 19th, 2010 10:57 am

    so its looking like the same formation in the same time frame at the end of Dec to the end of Jan. Now lets just see how strong the dollar can be and push this EUR down.

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