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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

    Jul 13, 2010
    Likes Received:
    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.


    Analysis by: Joaquin Monfort
    Forex4you analyst

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