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Forex4you Technical Analysis 27 April 2011

Discussion in 'Technical Analysis' started by forex4you, Apr 27, 2011.

  1. forex4you

    forex4you New Member

    Jul 13, 2010
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    EUR/USD: technical analysis
    The price reached target 1.4700, mentioned in the previous forecast. Trading is currently carried out at 1.4675/80 level. Indicators suggest growth, albeit the fact of MACD divergence gives reasons to be ready for a possible large-scale pullback downwards. However, further "bullish" trend is most likely, so next target at level 1.4790/80 may be tested in the near future. support 1.4500 breakout and fixation below would indicate the change of sentiment in the market.


    Forex broker | Forex
    Analysis by: Joaquin Monfort
    Forex4you analyst

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