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16.03.2014 11:47 PM
Weekly technical levels of EUR/USD for March 17-21, 2014

Weekly technical levels of the EUR/USD pair.

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Notes:

  • The double top will set at the level of 1.3966.
  • The minor support is going to set at 1.3901. And this level is going to represent the weekly pivot point on March 17, 2014.
  • The major support had already set at the price of 1.3836. Moreover, the double bottom is also coinciding with the major support for March 17-21, 2014.
  • The price hit the weekly pivot point and the resistance 1 last week, because of the series of relatively equal highs and equal lows.
  • We expect a range of 153 pips this week.

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Technical levels for March 17-21, 2014.

  • Projected high: 1.4184
  • Breakout (buy stop): 1.4129
  • Strong resistance (sell limit): 1.4099
  • Current pivot: 1.3900
  • Strong support (buy limit): 1.3700
  • Breakout (sell stop): 1.3675
  • Projected low: 1.3625
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