forex4you Posted May 28, 2012 Report Posted May 28, 2012 EUR/USD: Technical Analysis A shooting star on the 4-hr chart is warning of further downside and there is the possibility of a bearish move to fill the gap at 1.2520. Beyond that the outlook is balanced as the head and shoulder's pattern has reached its downside target at 1.2525 and Friday formed an inverted hammer which could forecast more upside. If today remains above Friday's lows then it is possible there will be a reversal upswing, reaching 1.2642 at first and then 1.2700. 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. Belajar Forex
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now