MARKET ANALYSIS - Intraday Analysis EUR/USD 14 Mars - TopicsExpress

MARKET ANALYSIS - Intraday Analysis EUR/USD 14 Mars 2014 Upwards scenario: EUR/USD formed clear negative bias yesterday however the price seems to reflect the traders indecision. Price appreciation above the resistance barrier at 1.3879 (R1) might boost the upside pressure. Next visible resistances are seen at 1.3914 (R2) and 1.3947 (R3). Downwards scenario: Neutral market structure might lose its power if the price manages to overcome next support level at 1.3848 (S1). Any penetration below this level might determine medium-term negative bias and expose our intraday targets at 1.3816 (S2) and 1.3779 (S3). Resistance Levels: 1.3879, 1.3914, 1.3947 Support Levels: 1.3848, 1.3816, 1.3779

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