March 16 - 10: 45 GMT (Global-View.com) remain clouds as the EURUSD with a focus on 1.30 stay consolidated. Note posted on the chart one hour where the 200 hours of Mva and trend line is key to keep the risk above pointed down. Weakness remains followed by EUR the JPY where a mixed crosses for the dollar in a cross-powered tug of war Friday paintings are image.
Jay Meisler daily Forex WeatherMap
16. March 2012 EURUSD (current rate: 1.3056, O/N 1.3099 1.3050 area)
Outlook: Market will likely remain in a mode of SOB (sale in points of light) and handle rallies as corrections, unless because technically different (note an hour chart) show. But as yesterday, its so flexible, short-term trading can have significantly the rebounds. For today 1.3050, see how this to the bias setting while set within 1.30-1.31.
Range:
Resistance
1.3148
1.3120
1.3100
1.3030-50
1.3000-04
1.2973
Jay Meisler daily Forex WeatherMap
16. March 2012 EURUSD (current rate: 1.3056, O/N 1.3099 1.3050 area)
Outlook: Market will likely remain in a mode of SOB (sale in points of light) and handle rallies as corrections, unless because technically different (note an hour chart) show. But as yesterday, its so flexible, short-term trading can have significantly the rebounds. For today 1.3050, see how this to the bias setting while set within 1.30-1.31.
Range:
Resistance
1.3148
1.3120
1.3100
1.3030-50
1.3000-04
1.2973
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