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James Chen
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James Chen, CTA, CMT is Director of Technical Research and Education at FXDD, a global leader in foreign exchange trading. He is also a registered Commodity Trading Advisor and a Chartered Market Technician. He is the author of the books, "Essentials of Foreign Exchange Trading" (John... More
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Essentials of Foreign Exchange Trading
  • EUR/USD Breaks Down Uptrend 1 comment
    Jun 9, 2011 12:01 PM


    6/09/2011 – EUR/USD (a daily chart of which is shown) as of Thursday (6/0 9/2011) has tentatively broken down below a confluence of two support factors — a key psychological support/resistance level at 1.4500 and a steep uptrend support line extending back to the late-May lows around 1.4000. After making the tentative breakdown,  price action pulled back up slightly above the 1.4500 level once again. For more EUR/USD forex technical analysis, please click here.

    James Chen, CTA, CMT
    Director of Technical Research and Education
    FXDD


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  •  
    yep, I also was looking for that, we finally got it.
    check out why I am calling 0.98 on the euro:
    seekingalpha.com/insta...
    9 Jun 2011, 02:27 PM Reply Like
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