By ForexMansion.com

 
With an imminent GDP announcement, this pair looks like it is finding support at the roughly 0.73 level, as the lows actually dip as far as 0.71. This creates a massive support zone that could hold it up over the longer-term. If we can break the recent highs at 0.7450, this would be very bullish for the short-term in this market. A break below the 0.71 handle would be very bearish. In the mean time however, it looks like this market wants to rise in value though.


 
More March 24, 2011 Technical Analysis:

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