FX.co ★ EUR/USD Bearish Outlook, March 18, 2011 (Daily Strategy)

ERU/USD

The Euro – United States dollar pair strengthens, reaching to its highest level at 1.4146 arriving according to monthly pivot table to around the second resistance level 1.4133.

Therefore, if the pair continues its upward force would meet strong resistance at 1.4180 levels could a clear opportunity to take short positions, which would lead us to the low level around your daily trendline at 1.3970.