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Forex4you Technical Analysis 27 June 2011

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

  1. forex4you

    forex4you New Member

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    EUR/USD: bearish signal
    The EUR/USD is still falling and despite a pullback it would be expected to fall further. If it passes down below the key 1.4125 creating a double dottom buy on the 0.0005x3 P&F chart then there is a high possibility it will drop to 1.4095. A break of the pullback highs at 1.4170, however would negate the bearish setup and encourage a more bullish outlook.

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    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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