forex4you Posted February 6, 2012 Report Share Posted February 6, 2012 EUR/USD: Technical Analysis The price stayed within 1.3210/20 – 1.3080/90 range, like expected. Trading is currently attempting to hold below the range's support and it's being carried out at 1.3060/50 level. Indicators have turned more down, suggesting further decline. 1.3080/70 support breakout will be the first sign of strengthening "bearish" potential. If the price successfully holds below, we'll be expecting the "bearish" movement to continue. In this case the price will test 1.3000 level anytime soon. On the other hand, 1.3040 support is strong enough to halt the bears and push the price back to the sideways range. 1.3230/20 resistance breakout will indicate the alternative scenario, where trading is anticipated to test 1.3280-1.3300 levels. Analysis by: Arkady Nagiev 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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