Forex Forum to Share, Discuss, Communicate and Trade Forex

Forex4you Technical Analysis 05 Dec 2012

Discuss Technical Analysis for various currency pairs and share your views. You may also like to check our Forex technical analysis and Forex forecast sections.
Image

Forex4you Technical Analysis 05 Dec 2012

Postby albie » Wed Dec 05, 2012 11:58 am

EUR/USD: Technical Analysis

Eurodollar has corrected back from a strong resistance level of pivots situated at 1.3120. It has found support at the trend-line at 1.3090. Overall the up-trend is still intact and it will probably recover, with 1.3167 still a key level, which if breached could lead to a strong move higher; however, a break below 1.3050 is a possibility and would open the way to a move down to 1.3000, if the pull-back extends.

Image

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.
albie
 
Posts: 12
Joined: Thu Oct 28, 2010 11:01 am

Return to 2+1 = 3 - Technical Analysis Discussions

 

Who is online on Forum

Registered users: Alexa [Bot], Baidu [Spider], Bing [Bot], Google [Bot], William Bauman, Yahoo [Bot]

cron