forex4you Posted May 2, 2012 Report Share Posted May 2, 2012 EUR/USD: Technical Analysis The eurodollar pair has fallen in another leg lower after reaching the 1.3285 highs yesterday. It will probably continue lower to a lower channel-line at 1.3150 where it may consolidate - or recover perhaps to 1.3200. A deeper sell-off might see us retest the neckline of the large head & shoulders pattern on the daily chart, and a break below that would see us well on our way into sub one-thirty territory. 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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