Posted by: joetradingplace | February 27, 2013

Eurusd Analysis

Slow price action is expected after the big moves we saw early this week. Nothing is setting up for us at the moment, we just seat tight on our hands. Eurusd has a very signficant level that we will be watching…the level is around 1.3200 handle and 1.3270, price is more likely to retest this zone. This zone will determine wether price will follow through to the doenside or push back up…we are favavouring a drop from that zone to retest the swing low around the 1.3000 handle.

Eurusd Daily Chart

eurusd daily

 

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