Alternate EUR/USD Signal - March 7

Analysis by ForexRoyals

Currency: EUR/USD
Trend Expected Direction: Down.
Method: Resistance and Support levels, Pivot points.
Description: we can notice that the EUR/USD is under the Pivot point ( 1.3170 ) and the currency pair just could not break it through , we expect more downtrend towards 1.3120 the first support level and a breakthrough will confirm more downtrend till 1.3095.
Action: Best action is to sell under the Pivot point.
Target Area: First target 1.3120, second target 1.3095.
Stop Loss: Above the pivot point, 1.3250.

EUR/USD Signal - March 7, 2012

Forex Royals
Forex Royals ( is one of the leading account management and Forex signal services in the Middle East. Forex Royals consists of five analysts that specializes in the field of stocks and currency trading. They also provide sell/buy recommendations, take profit or stop loss on the major currency pairs which include: EUR/USD, GBP/USD, USD/JPY, USD/CHF, EUR/GBP, AUD/USD, and different kinds of commodities.