Monday, January 17, 2011

EUR/USD Weekly Technical Analysis Review | 17 January 2011

EUR/USD Weekly Technical Analysis Review | 17 January 2011

The EUR/USD is still in a Bearish situation, this is indicated by the Downtrend channell at the Weekly Timeframes. Event last week this pair closed above EMA 21, but the EMA Cross is in a Bearish mode too. However, the EUR/USD is supposed to test the 1.3320 level; if this pair can break and close below that level, this pair will find a new level at 1.3234 as the first target and 1.3161 as the second target. Read more