EURUSD Analysis 10 March 2015



On the first day of this week, EURUSD rised a bit after european markets opening. After US markets opened, sellers got action and continued to the main trend direction which is down. Until 1.0905 resistance eurusd rised but could not get over 1.0945 resistance. The pressure went on till 1.0780. Yet on the second trading day eurusd is currently 1.08113 levels.

Technically 1.0905 resistance is important for EURUSD. As it stays below this level, down trend continues. If so, 1.0780 support would be week and may pass below and would be easy to target 1.0700.

Our view is same as yesterday. Down trend still active.

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