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Forex4you Technical Analysis 08 Nov 2012

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EUR/USD: Technical Analysis

The EUR/USD pair has broken down below the key 1.2762 lows and is now swiftly moving down. It will probably continue to go lower until it hits the next target at the 100-day MA at 1.2630, with more support also at 1.2600.

EURUSD8.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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