Euro USD: Euro USD Currency Futures Technical Recap 3/10/10
Posted by: Richard Estrada // Category: Euro USD Futures
Currency Traders day trading the March 2010 Euro USD Currency Futures contract, particularly those traders that were long might have had a really good day. You can see by looking at the 60-minute chart of the Euro USD (see chart below) that the bulls were able to push the Euro USD above a pivotal technical area and now might be poised for a good pop to the upside. This is if the bulls can hold the Euro USD Futures above this pivotal area of technical support.
The daily chart of the Euro USD (see chart below) shows that the Euro USD was able to close above both the 5 (red – 1.3633) and 25 (blue –1.3629) day moving averages. The market has reopened; therefore the moving averages have been recalculated and we now have a moving average crossover. This might be a confirmation of potential upside momentum. To get a live night market update simply sign up for a LATE NIGHT EURO CURRENCY TECHNICAL UPDATE.
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Tags: currency futures, day trading futures, Euro Currency futures, Euro Futures, Euro USD, USD Euro