forex4you Posted March 2, 2012 Report Share Posted March 2, 2012 EUR/USD: Technical Analysis Seems like the "bearish" scenario commenced, like expected - the price declined, breached 1.3300/1.3290 level and fell further down to level 1.3250/60, where it still resides. Indicators are "bearish", which gives enough reasons to anticipate 1.3240/30 level - the uptrend (red) line to be tested anytime soon. However, strong 1.3200/1.3190 support on the way may hold a decline for quite a while. Growth above 1.3380 will cancel the trend. 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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