Forex4you Technical Analysis 03 April 2012

EUR/USD: Technical Analysis

Eurodollar is still bumping up against the range highs and has formed what looks like a possible reversal pattern. It is probable that there will be break lower and a breach of the trend-line for the whole rally up from the 15th Mar lows. The monthly pivot at 1.3260 provides an initial target with 1.3205 as the next target after that.

Analysis by: Joaquin Monfort
                    Forex4you analyst

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