Monday, March 1, 2010

EUR Update: 3.01.10

60 Min Chart

Daily Chart

Another Month Flying by us:

And as we kick off March the EUR is already trading within my expectations. The trend channels I drew from last week held beautifully. Though the MACD indicator downward trend lines I drew on the Daily chart is now broken though the RSI trendline drawn is holding, it will be interesting to see if price behavior will stay within the given range. I still maintain my forecast from last week; the given ranges are posted the weekly forecast report (being published soon).

At the moment 1.35 support is holding, though we still have the rest of the day to come. Will report back later.


Alexander LĂȘ
Managing Partner
Analyze Capital LLC

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