forex4you Posted May 3, 2012 Report Posted May 3, 2012 EUR/USD: technical analysis Yesterday's move down was strong and I think it is likely there will be a continuation lower to the support level and H&S neckline at 1.3000. However, at the moment the pair has consolidated on the 50-day moving average and it may bounce higher to 1.3200 before any resumption of the down-trend, as momentum looks poised for a bounce and the hourly candlesticks turn more bullish. 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
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