By FXEmpire.com
The EUR/USD pair triggered a hammer buy signal during the past week from the candle that formed the week previous. The pair looks as if it wants to rise a bit and the lack of headlines out of Europe seem to be supporting this notion. The 1.35 level should continue to act as resistance, and as such we think the up move has only a limited potential to rise. The 1.35 level will be an area that we are watching this pair for signs of weakness, and will sell on that occasion. If the market dips below the 1.30 handle, we would be sellers hand over fist at that point.
EUR/USD Forecast for the Week of March 26, 2012, Technical Analysis
Originally posted here
