EUR/USD Forecast March 5, 2013, Technical Analysis

Posted March 05, 2013 6:11 (GMT) | By FX Empire Analyst - Christopher Lewis | Print | Font Size
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The EUR/USD pair fell below the 1.30 level again on Monday, but just as it was on Friday, the market could not hold below that level. It is because of this that we are starting to think that a bounce is coming, and as a result we think that a move above the highs for the session on Monday could provide a short-term buying opportunity, perhaps to the 1.3175 level. Beyond that though, we see no real trade in this market at this point time as there is simply far too much noise just below.

EUR/USD Forecast March 5, 2013, Technical Analysis

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About: FX Empire Analyst - Christopher Lewis

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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