forex4you Posted January 19, 2012 Report Share Posted January 19, 2012 EUR/USD: Technical Analysis I remain stubbornly bearish on EUR/USD despite the counter-trend rally continuing and making new highs above 1.2900. There is strong resistance on the monthly chart and the recent range highs, and marked divergence on MACD so a resumption of the down-trend is probable, with support at 1.2780 as the next target. 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. Quote Belajar Forex Link to comment Share on other sites More sharing options...
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