EURUSD Daily Technical Analysis Update
EURUSD has seen a 0.6% rise on the day with an associated 110 pip range and 93% of the average daily range. This comes as the exchange rate moves further away from the key multi-week support area around 1.3000. The greenback has extended losses against most higher yielding currency counterparts with the AUDUSD now trading at a 1.1% daily gain on better than anticipated jobs data.
Price structure resistance R1 level is at 1.3251 (29/3/2012 daily low) with R2 at 1.3290 (daily price pivot) and R3 the recent range highs at 1.3385. Support around yesterdays high is our S1 at 1.3157, S2 is the 1.3072 level with 1.330 the S3.
EURUSD
Forex trading and trading in general holds a high degree of risk. Any news, opinion, analysis, price quote or any other information contained on eurusddaily.com and permitted re-published content should be taken as general market commentary only. This is not investment advice. eurusddaily.com will not accept liability for any damage, loss, including without limitation to, any profit loss, which may either arise directly or indirectly from use of such information. 