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

Forex4you Technical Analysis 15 Feb 2013

Discussion in 'Forex Daily News & Outlook' started by forex4you, Feb 15, 2013.

  1. forex4you

    forex4you New Member

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

    The break below the key 1.3355 level has occurred this morning and could see eurodollar run down to 1.3250 initially, and then eventually possibly even key support at 1.2950. Much depends on whether today remains bearish into the close – if it does then this could be the start of a major leg down, otherwise we may yet see a recovery, although the trend-line at 1.3410 limits near-term upside potential.


    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