FOREX ANALYSIS

EUR/USD intraday: the upside prevails.

Time:01-03-2011 13:54:00Pivot: 1.376

  

Our preference: Long positions above 1.376 with targets @ 1.386 & 1.3925 in extension.
Alternative scenario: Below 1.376 look for further downside with 1.3715 & 1.3645 as targets.
Comments: the pair has rebounded on its rising trend line and should reach its next resistance.
Key levels
1.398
1.3925
1.386
1.382 last
1.376
1.3715
1.3645