1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Forex4you Technical Analysis 13 Feb 2013

Discussion in 'Forex Daily News & Outlook' started by forex4you, Feb 13, 2013.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
    Likes Received:
    EUR/USD: rebound continues

    Eurodollar's bounce from the trend-line and the monthly pivot has continued higher and reached 1.3470. Today we have had another thrust higher and it will probably continue. There is an inverted H&S on the hourly chart with a price target at 1.3500 and another target is 1.3640. Alternatively a break below 1.3355 lows would give bearish confirmation that the trend lower was resuming.


    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.

Share This Page