Forex Signal – EUR/USD Selling Resistance

3-30-09

5:32a GMT – EUR/USD fell over 300 pips in the end of last week as the failure at 1.3730 proved insurmountable. Bearish trend is still intact and I will look to continue to sell rallies and good resistance. Closest resistance is at 1.3310 and I will look for a failure around this area (possibly a little before it, around 1.3300). If no failure occurs there I will  look for 1.3340.

Trading Idea: Short targets preferred from above resistance down to 1.3275 and 1.3210.

(click to enlarge)
Forex Signal   EUR/USD Selling Resistance 

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