forex4you Posted January 25, 2012 Report Share Posted January 25, 2012 EUR/USD: Technical Analysis The EUR/USD has broken out of its ascending channel and has formed a bearish head and shoulders pattern. If it falls below the key 1.2950 then it will open the way to a drop to at least 1.2850 where a strong level of support exists which includes the weekly pivot and the target from channel breakdown. 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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