forex4you Posted January 11, 2012 Report Posted January 11, 2012 EUR/USD: Technical Analysis The counter-trend rally in EUR/USD is extending, although gains seem to be capped at 1.2800 where resistance from the lower line of the wedge pattern continues to stifle upside. There seems to be some underlying strength in the correction and it is too early to indicate further downside yet, although a bear move to the lows at 1.2665 is entirely possible. 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. Belajar Forex
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