Saturday, March 9, 2013

EURO forecast for coming week ended 15th March, 2013.


After a month downtrend Euro is trying to gain some ground. Now it is trying to keep above 1.30 range and this level is very important for any up move. if Euro able to maintain this level in early to middle part of the coming week then it has the chance of testing 1.33 range in later days. Things also may come out that Euro may test 1.33 range and then again comes down to test 1.31. Whatever it is if Euro maintains this 1.30-1.31 range then it will be good for it in future.
On the other hand if Euro does not able to maintain this 1.30 range then it will drop and in that case it may test level below 1.29. In the downside 1.27 is a good support area for Euro.

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