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Forex4you Technical Analysis 05 March 2013

Discussion in 'Forex Daily News & Outlook' started by forex4you, Mar 5, 2013.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
    Likes Received:
    EUR/USD: rebounding

    The EUR/USD pair has rebounded. If it breaks above the key 1.3100 level then it will probably reach the top of the channel at 1.3150 where the 100-day MA is also situated nearby. There are no strong signs of reversal and the current upside is probably just a pull-back. The down-trend should resume eventually and probably reach the target from the head and shoulders top at 1.2900.


    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.

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