Euro USD: Euro USD Currency Futures: Technical Update 3/3/10
Posted by: Richard Estrada // Category: Euro USD FuturesCurrency Traders day trading the Euro USD futures are watching a battle for intra-day control as the bulls try and push Euro USD currency futures through a key area of technical resistance (1.3646), while holding the Euro Futures above a pivotal area of technical support. The 60-minute chart of the March 2010 Euro USD Currency Futures (see chart below) shows that the bulls are holding the market above three key technical areas (5-day M/A 1.3602, 24-bar M/A 1.3619 and 4-week M/A 1.3629).
Euro USD Currency Futures 60-minute chart
These areas of technical support in my technical opinion are pivotal in gauging technical strength for the day and possibly even for the rest of the week. If you would like to talk about my strategic analysis in further detail, simply schedule a Private Presentation. And Discover the Potential of Day Trading Futures and determine for yourself if it’s worth the Financial Risk.
Opinions expressed are subject to change without notice. I make no promises or guarantees implied or otherwise that utilizing short-term trading strategies will result in profits or limited losses. There is significant risk of financial loss in trading futures; therefore you should carefully consider whether trading futures is right for you in light of your financial condition
Tags: day trading futures, euro currency, Euro Currency futures, Euro USD