EUR/USD Forecast March 5, 2013, Technical Analysis

The EUR/USD pair fell below the 1.30 level again on Monday, but just as it was on Friday, the market could not hold below that level. It is because of this that we are starting to think that a bounce is coming, and as a result we think that a move above the highs for the session on Monday could provide a short-term buying opportunity, perhaps to the 1.3175 level. Beyond that though, we see no real trade in this market at this point time as there is simply far too much noise just below.



Written by FX Empire