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Forex4you Technical Analysis 2 June 2011

namrata.yadav

By namrata.yadav
in Fundamental Analysis

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namrata.yadav Newbie

namrata.yadav

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EUR/USD: meeting resistance

The EUR/USD pair is rising after touching channel support at the 1.43 lows. It has been trending up quite strongly but has now reached resistance at 1.4430 from a combination of the monthly pivot and the point and figure count on the 0.0005x3 chart. Weakness would lead to a fall back to 1.4370 first and then the 1.4360 lows.

EURUSD020611b.png

Forex| 外匯

Analysis by: Joaquin Monfort

Forex4you analyst

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