namrata.yadav Posted June 27, 2011 Report Posted June 27, 2011 EUR/USD: bearish signal The EUR/USD is still falling and despite a pullback it would be expected to fall further. If it passes down below the key 1.4125 creating a double dottom buy on the 0.0005x3 P&F chart then there is a high possibility it will drop to 1.4095. A break of the pullback highs at 1.4170, however would negate the bearish setup and encourage a more bullish outlook. forex Analysis by: Joaquin Monfort Forex4you analyst Disclaimer: Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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