Seeking Alpha

LigaForex's  Instablog

LigaForex
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 25 May 2012 0 comments
    May 25, 2012 7:52 AM

    EUR/USD: Technical Analysis

    The rebound from the 1.2510 lows this morning looks vulnerable to breakdown and there is a bearish shooting star on the hourly sitting on the 50 hour MA, which could signal a retest of the lows again and either a basing process will start or the pair will fall even lower. If there is no retest, however, and the rally extends higher, a possible target to the upside could be the 1.2645 level where the monthly and weekly pivots are clustered.

    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.

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

StockTalks

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.