3 replies to this topic

[Mody Saied]

The spot rate came to test the lower limit of its medium-term bearish channel at 1.4350 and seems to start a rebound. However a break of these levels would allow it to form a bearish trend more violent.

According to previous events, the market indicates a bullish opportunity on the levels of 1.4350 with a 1st objective of 1.4450, then 1.4480. A break in 1.4320 would invalidate this scenario.


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[Adnan]

The economic conditions became even worst in the Euro zone, which resulted in a heavy downside pressure in EUR/USD this week. The near term trend is heavily bearish and we might see more bearish movement in Eur/USD until 1.32xx. A decisive break there will confirm 1.28 and then 1.25 in the near future.

[ermaniso2011]

hi friends this is the tecnicals about eurusd pair for this week.l hope you will like it .
21 January 2012
EURUSD broke above the upper line of the price channel on daily chart, suggesting that a cycle bottom has been formed. Further rally would likely be seen over the next several weeks, and the target would be at 1.3250 area. However, the rise is treated as consolidation of downtrend from 1.4939, another fall could be expected after consolidation.

For long term analysis, EURUSD is in downtrend from 1.4939 (May 4, 2011 high). Further decline towards 1.1500 area is expected over the next several months.

[rexway]

I will advice that anybody who want to Trade this currency pair should use News as additional aid,so the indicator like MFI can also help when trding this pair