forex4you Posted March 15, 2012 Report Share Posted March 15, 2012 EUR/USD: Technical Analysis The possibility of a short-term base forming and a reversal higher cannot be discounted. There may be a final exhaustive move lower to 1.3000 first but then I see signs of bottom forming and a rally back up to the trend-line for the move down at around 1.3130. After that the longer-term picture is still bearish with a 2-bar reversal on the weekly and a strong possibility of a move back down for a re-touch of the 1.26 lows. 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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