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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

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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.

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    Forex broker | Forex
    Analysis by: Joaquin Monfort
    Forex4you analyst

    Disclaimer: 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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