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  • Forex4you Technical Analysis 28 Dec 2011 0 comments
    Dec 28, 2011 6:59 AM
    EUR/USD: Technical Analysis
     
    Eurodollar is still meandering in a tight consolidation zone. A small rally this morning did however reach resistance from the trend-line at 1.3080 and this could push the exchange rate back down to the range lows at around 1.3030, given the overall downside bias. No major moves are expected until volume picks up after the Christmas break.
     
     
    Analysis by: Joaquin Monfort
                 Forex4you analyst
     
    Disclaimer:
    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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