This pair has fallen back down to support from the major trendline from the June ‘10 lows, as anticipated. From here it could launch another rally with a target just short of the recent highs at 1.3850.
Showing posts with label eur/usd 3 february 2011. Show all posts
Showing posts with label eur/usd 3 february 2011. Show all posts
Thursday, February 3, 2011
EUR/USD | Euro/Dollar | Technical Analysis | 3 february 2011
EUR/USD | Euro/Dollar | Technical Analysis | 3 february 2011
Alternatively there is a possibility of a break down – possibly even a collapse. If so then the next substantial support grouping at 1.3650 could be expected to at least stall any bear moves.
more EUR/USD Technical Analysis
Wednesday, February 2, 2011
Forex | EUR/USD | Morning Analysis | 3 February 2011
Forex | EUR/USD | Morning Analysis | 3 February 2011
February 3, 2010 - by David Frank, Financial Analyst, Ava Fx
Today's support: The 1.3770 line is important today.
A possible move below could give the 1.3736 level a test. We the have the 1.3714 level. A mover lower here could result in 1.3683 level visited.
Today's resistance: 1.3893 and 1.3907are the main resistance levels today. A move above those areas might cause a bullish model up towards 1.3926. Looking higher we see the 1.3948 level. Any move past this line could see a test on 1.3972.
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