FX.co ★ EUR/USD Around the Monthly Pivot , February 14, 2011 (Daily Strategy)

EUR/USD

The Euro / Dollar pair, is sitting in front of the 1st weekly support at 1.3449 and 1.3439 Pivot monthly, we can say that if the pair continued their downward trend, closing the trading day below these levels may continue to drop the 1.3350 and 1.3200, on the other hand, we note that the pair has touched
200-day moving average. Therefore, we will be in expectation.