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Forex4you Technical Analysis 29 March 2012

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EUR/USD: Technical Analysis

Eurodollar has currently fallen to trend-line support at 1.3280. My preference is for a break down through the trend-line to the next support level below at 1.3150, however if there is a substantial rebound then it will probably go to the 1.3325s.

EURUSD290312.png

Analysis by: Joaquin Monfort

Forex4you analyst

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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.

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