Monday, March 30, 2009

EURUSD support at 1.3092

The stock market has opened down 240 points and the dollar has been the beneficiary. The EURUSD has moved to new lows of the day at the 1.3128 level. The 1.3092-1.3097 level remains key support with the 100 day MA and the 50 % retracement level both at the area. I would expect good buying against this key support level this morning.

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