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  • Forex4you Technical Analysis 29 May 2012 0 comments
    May 29, 2012 8:14 AM

    EUR/USD: Technical Analysis

    Eurodollar has rebounded from its lows today and - although it is stalling right now - there is the possibility of a move higher to the top of the range at around 1.2600. After that a sideways consolidation range could unfold before the next strong trending move. Alternatively another strong break lower would target the support level at 1.2395 and longer-term this level will probably be reached eventually as the outlook remains bearish.

    Analysis by: Joaquin Monfort

    Forex4you analyst

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