forex4you Posted April 25, 2012 Report Share Posted April 25, 2012 EUR/USD: Technical Analysis The price climbed towards consolidation range's resistance and is now testing this barrier at 1.3210/00 level. Indicators have turned more up, which means that the uptrend is more possible. To prove their potential, however, the bulls have to push the price above 1.3250/60 level and hold in the uptrend channel sector (blue dashed line). Until then, downtrend has all chances to recommence, especially if the price breaches 1.3100 support. 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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