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Forexpros Daily Analysis - 14/03/2011

Discussion in 'Market Predictions and Reports' started by Forexpros2, Mar 14, 2011.

  1. Forexpros2

    Forexpros2 Recruit

    Oct 12, 2009
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    ForexPros Daily Analysis March 14, 2011

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    Euro Dollar:

    On the daily, the euro broke through its short setup after gapping up and it is on its way to hitting its target from its 50% long at 1.3747. The target is at 1.41731. The next major resistance is at the high at 1.40364.


    On the daily, the pound rebounded after hitting the 61.8% or 1.59743 of the long. The pound is currently in an extension short at 1.60935, with a target at 1.59158. The full traditional short is at 1.61591.


    On the daily, the yen spiked through the bottom of the range it has been in in the past 4 months. The importance now is whether it closes below the range. The next major resistance is the low of 80.234. The target of the 50% short at 84.093 is 78.412.


    Forex Trading analysis written by Diana Rochford for Forexpros.


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