Forex4you Technical Analysis 31 March 2011

EUR/USD: Technical Analysis

The points made in yesterday’s analysis have not changed except that the exchange rate has now started to break above its consolidation pattern, although the upside targets of 1.4280 and 1.4385 remain. There is a possibility of a small pullback first, however, probably to 1.4145, as the 1.4190 target on the 3 x 0.0005 chart has now been met.

Analysis by: Joaquin Monfort
                    Forex4you analyst

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