FX.co ★ EUR/USD Negotiation in Range - March 22, 2012

The EUR / USD pair, is recovering positions, after having fallen to the area, weekly pivot point of 1.3133. which is the minimum today. As we mentioned yesterday in the analysis, we believe the euro will continue to operate in a range of 1.3390 to 1.3120. So we recommend buying minimums, maximums sell at or near levels resitencia.

In a panoramic view of the pair, in daily charts, we observe the formation of a reversal pattern with bullish implications. That goal can be up to 1.3600, about 200 day moving average.

Therefore, the short term, we recommend buying 1.3120 support and stop loss below 1.3085. Our goal it is placed in 1.3290. dollars per euro.

The range indicator and Momentum oscillator are in neutral zone.