Thursday, March 26, 2009

EURUSD TEST SUPPORT AT 1.3580

gregmike-02565

The EURUSD broke through the intraday resistance at the 1.3619-21 level and triggered stops to 1.3639. The market quickly reversed and the pair is now looking to test intraday support at the 1.3580 level where the 100 and 200 bar MA on the 5 minute chart is located. A break should solicit stops to that side, but given the choppy action, expect anything and everything.

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