EUR/USD Technical Analysis 19.03.2012

Amy Forex

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Hi Traders,

We notice in the chart above that the prices are trading within a rising channel and then tested the bottom level of this channel but continuing its uptrend move and it is expected to witness the recovery of the euro further down of the moving 120 at the 1.3218-1.3230 area.

Also, the key resistance level is at 1.3050.

chart19.png


Good luck :)
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