EUR/USD Forecast March 1, 2013, Technical Analysis

The EUR/USD pair fell during the session on Thursday, continuing to consolidate between the 1.3050 level, and the 1.3150 level. This market definitely looks week at this point in time, and with all the problems in Italy we find it hard to believe that this market will rally over the long-term. However, you have to notice that there is significant support at 1.30, and as a result we need to break through there in order to start selling again. As we stated yesterday, rallies are to be sold, especially if we can ever get up to the 1.3250 level.



Written by FX Empire