Forex4you Technical Analysis 28 March 2012 0 comments
Mar 28, 2012 8:30 AM
EUR/USD: Technical Analysis
The EUR/USD pair is trading in a sideways range with a correction down within that range currently underway. This move may continue to the range lows at the 1.3315 support and resistance level. From there, there could be a bounce or a break down as the double top pattern translates into a reversal. If the current rally continues then a retouch of the 1.3380 highs is also possible.
Analysis by: Arkady Nagiev
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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Forex4you Technical Analysis 28 March 2012 0 comments
The EUR/USD pair is trading in a sideways range with a correction down within that range currently underway. This move may continue to the range lows at the 1.3315 support and resistance level. From there, there could be a bounce or a break down as the double top pattern translates into a reversal. If the current rally continues then a retouch of the 1.3380 highs is also possible.
Analysis by: Arkady Nagiev
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.
Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.
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