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Forex4you Technical Analysis 01 March 2013

Discussion in 'Forex Daily News & Outlook' started by forex4you, Mar 1, 2013.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
    Likes Received:
    EUR/USD: hitting range lows

    Eurodollar is consolidating in a range. Yesterday it reached 1.3160 before falling back down and it will probably fall further, given today's bearish start, with the 1.3018 lows now in focus. A decisive move below those would act as confirmation of a resumption of the down-trend down to 1.2900, the target from the head and shoulders pattern at the highs. Alternatively there is the possibility of a move higher back up to the range highs at 1.3160 and continued sideways activity.


    Analysis by: Joaquin Monfort
    Forex4you analyst

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