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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 Wiley &... More
My blog:
FX Path
My book:
Essentials of Foreign Exchange Trading
  • EUR/USD Bearishness Backs Off Support 0 comments
    Sep 13, 2011 11:25 AM

    EUR/USD (daily chart) as of Tuesday (9/13/2011) has reached and respected key support in the important 1.3500 price region, a round number psychological level that has served well as previous support and resistance in the past. This support bounce occurred just a few pips below the 1.3500 level, and hints at a potential pullback in the dramatic bearishness that has characterized this pair for the month of September thus far. For more EUR/USD forex technical analysis, please click here.

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

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