EUR/USD Forecast March 4, 2013, Technical Analysis
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The EUR/USD pair fell through the 1.30 level during the Friday session, but found enough buying pressure there to push market higher and above it. This candle is relatively neutral, with a slightly negative bias. Is because of this candle though that we feel a break above the 1.3100 level would be a nice buying opportunity as it would show significant support has come back into the marketplace. There is a lot of noise below this area here, and as a result we think that the easy pips for the sellers have already been had. Because of this, we would rather buy this pair on a breakout higher than sell it.
EUR/USD Forecast March 4, 2013, Technical Analysis
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Christopher is a part of the FXEmpire.com analysis team. He writes Forex and Commodities technical analyses on daily and weekly basis. Christopher writes his analyses in a professional and yet simple to understand manner. His analyses are available in both text and videos.
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