Forex Forums  

Go Back   Forex Forums > Forex Forums > Forex Forum

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 03-06-2013, 04:47 PM
Senior Member
 
Join Date: Mar 2012
Posts: 189
Arrow Forex Technical Analysis By Forex4you 06th March 2013

EUR/USD: ‘Pulling-Back’

EUR/USD pair is still recovering but less aggressively than it did yesterday. This morning’s activity has been mixed and it is possible it will continue sideways. If we get a break above the key 1.3100 level then there is a chance of a rally up to the top of the channel at around 1.3140-50. The rebound is probably just a pull-back and the down-trend should resume eventually and probably reach the target from the head and shoulders top at 1.2900.



USD/JPY: Rangebound

The USD/JPY pair is still broadly consolidating within a range. The medium-term trend is up and the consolidation will probably break higher eventually and begin a new leg up. This morning it has risen towards and it will probably continue to the range highs at 94.50, as there are indications of underlying strength. Alternatively a reversal and move back down within the range to the lows at 91.85 is also quite possible although strong support at 91.60 gets in the way of a downside break.



Analysis By: Forex4you Analyst - Joaquin Monfort.

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 currency 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.

Forex4you,
Forex4you is the leading forex broker operates all over the globe. Forex4you provides online forex trading for retail clients with the help of electronic payment system.
Reply With Quote
Reply

Tags
forex, forex analysis, forex forecast, forex technical analysis, forex4you analysis


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT. The time now is 02:40 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Search Engine Friendly URLs by vBSEO 3.1.0 ©2007, Crawlability, Inc.