forex4you Posted February 29, 2012 Report Share Posted February 29, 2012 EUR/USD: Technical Analysis A break of trend-line has opened the way down to support clustered at the 1.3365 consolidation lows – although 1.3400 could be a nearer target. After that, my preference is for higher moves as we seem to be in an ending diagonal, which could reach as high as 1.3600/25 where the channel line linking the August and October tops is situated (1.3600) and perhaps the 61.8% extension of A-B (1.3627). 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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