Forex Weathermap - EURUSD

11:45 GMT (Global-View.com) March 5 - A cloud remains over the EURUSD as it continues to show little bounce after last week's LTRO failed to produce a bump in risk on. However, focus has been mainly on a rebound in the JPY at the expense of commodity currencies although EURJPY is lower as well. Key support is the daily channel bottom at 1.3144 (see chart). Jay Meisler's Daily Forex WeatherMap
March 5, 2012 EURUSD (Current rate: 1.3189, O/N Range 1.3213-1.3160)
Outlook: Watch 1.3200 as this level will set the tone. not only for today but going forwards. Risk seems for a move back to 1.30 but would need to get through the channel support to encourage it. On the upside, EURUSD would need to get back above the 20 day mva (1.3251) to neutralize the risk and a SOB (Sell on Blips) bias.
Range:
Resistance:
1.3280
1.3250
1.3213
1.3160
1.3144
1.3100-20