Forex Forum to Share, Discuss, Communicate and Trade Forex

Forex4you Technical Analysis 12 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.

Forex4you Technical Analysis 12 Dec 2012

Postby albie » Thu Dec 13, 2012 11:54 am

EUR/USD: Technical Analysis

Eurodollar has been going sideways today with no firm trend in either direction. There may be a double top price pattern visible on the hourly chart, with a neckline at 1.3055 and a downside target at 1.3015. The short-term trend is still up, however, and favours more upside but any bullish potential is capped by resistance form the monthly pivot at 1.3120.


Analysis by: Joaquin Monfort
Forex4you analyst

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.
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: analyst75, Baidu [Spider], Bing [Bot], Google [Bot], Google Adsense [Bot], Jan Schoemaker, Majestic-12 [Bot]