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Forex Daily Analisys EURUSD 12.03.2013

Posted by cahaya  |  at  12/03/2013 08:36:00 AM

Forex Daily Analisys EURUSD 12.03.2013. Euro itself is still under pressure even though the data activity in the euro zone factory orders experiencing improved conditions but the inclusion of economic conditions in Spain recession made ​​investors anxious conditions in Spain this will have an impact on the surroundings.

1.3540 EURUSD today opened lower than yesterday's opening day Monday before the price of 1.3587 and the downtrend is still happening on the EURUSD pair is. technically using fibonaci price now 1.3543 and price want to try to penetrate to the top of the bearish price break at 1.3548 and if the price can be breached then the price will go to the next pivot at 1.3570 even 1.3592 with the price movement of the price range 1.3615 - 1.3705 but if the price is not able in penetrating the price will come back
down towards 1.3525 and even 1.3503 with price movement price range 1.3480 - 1.3435

Recommendations for open positions :

Sell ​​Stop 1.3515

Buy Stop 1.3570

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