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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
My blog:
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Essentials of Foreign Exchange Trading
  • EUR/USD Third Consecutive Bearish Day 1 comment
    Jun 10, 2011 10:01 AM


    EUR/USD (daily chart) as of Friday (6/10/2011) has continued its bearish stance of the last two days after attempting but failing to break 1.4700 to the upside earlier in the week. This continued bearishness now constitutes a bonafide breakdown of the steep uptrend that has been in place since late May. 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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    yeah, I am just waiting for the break below 1.4300 to sing for a confirmation and expect my 0.98 target.
    10 Jun 2011, 05:39 PM Reply Like
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