forex4you Posted February 9, 2012 Report Posted February 9, 2012 EUR/USD: Technical Analysis The EUR/USD has rallied to the underside of a major multi-month down-sloping channel where it has encounter resistance and is currently pulling back. The correction will probably fall to the support at 1.3220 and then perhaps the top of the range at 1.3180 - if it is a strong move. However, the recent breakout from the consolidation has still not met its target at 1.3335, where other resistance is also clustered and eventually I see a rally up to those levels after this correction has finished. 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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