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

Forex4you Technical Analysis 14 Feb 2013

Discussion in 'Forex Daily News & Outlook' started by forex4you, Feb 14, 2013.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
    Likes Received:
    EUR/USD: possible bearish break

    Eurodollar has fallen back down and touched support from the trend-line today. There is strong downwards pressure and it is attempting to break lower. A move below 1.3355 would be a strong bearish continuation sign with the 50-day MA at 1.3260 providing the next downside target. Alternatively there is still a possibility of a bounce targeting the 1.3640s, with a break above resistance clustered at 1.3460 adding confirmation.


    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