The Euro closed Friday at the daily 50 sma(blue line). It usually fails on the first test, and it has been a few months since they last kissed. The monthly R1 pivot is at 1.3000 and the daily 100sma (red line) is at 1.3026. Strong support at 1.2703 the daily 20(yellow line).Sunday, March 15, 2009
Euro at resistance?
The Euro closed Friday at the daily 50 sma(blue line). It usually fails on the first test, and it has been a few months since they last kissed. The monthly R1 pivot is at 1.3000 and the daily 100sma (red line) is at 1.3026. Strong support at 1.2703 the daily 20(yellow line).
