Seeking Alpha

LigaForex's  Instablog

Send Message
Social Trading - fun easy mobile at Liga Forex - a Revolution in Online Investing
My company:
Liga Forex
My blog:
LigaForex Blog - Revolution in Online Investing!
My book:
Forex eBook - Forex4you
  • Forex4you Technical Analysis 27 Feb 2013 0 comments
    Feb 27, 2013 5:17 AM

    EUR/USD: pause in down-trend

    The EUR/USD's decline has stalled at support at the 1.3000 level where it is currently consolidating. It will probably resume its descent given the short-term trend is down and continue lower to perhaps 1.2900 which is the profit target from the head and shoulders top, or even lower to the next target down at 1.2795. Alternatively, a bullish bounce would have to break above 1.3120 to gain traction, with an upside target at 1.3195 thereafter.

    Analysis by: Joaquin Monfort

    Forex4you analyst


    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.

Back To LigaForex's Instablog HomePage »

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.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.