forex4you Posted March 16, 2012 Report Posted March 16, 2012 EUR/USD: Technical Analysis The price stayed within narrow ranges between 1.3100-1.3030/50 levels, like expected. Trading is currently carried out at 1.3060/50 levels. Indicators remained unchanged, suggesting to consider further "bearish" trend. The price is likely to stay sideways within previously formed range. The next target will be found at 1.2970/60 level. If this support fails to halt a decline, the next barrier on the way down will be found at 1.2870/80 level. Growth above 1.3290/95 level will cancel the bearish trend and market sentiment will turn "bullish". 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. Belajar Forex
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