FX.co ★ Intraday technical levels and trading recommendations for EUR/USD for March 31, 2014

Daily Fixation below 1.3850 gathered significant bearish pressure enough to breakdown the lower limit of the daily bullish channel.

At the end of the previous week, there has been a minor Intraday Demand level expressed at 1.3750 (the depicted uptrend line ) which paused the recent slide off 1.3965.

Four-Hour candlestick fixation above 1.3790 signals a temporary bottom that will target at 1.3850 initially again.

Price Level 1.3850-1.3870 remains a significant supply zone. It provided a valid SELL entry at the previous retesting on March 24.

On the other hand, failure to fixate above 1.3790 will expose the recent low established at 1.3700.

A slide below which opens the way towards lower lows located at 1.3660 and 1.3640.