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Forex4you Technical Analysis 24 March 2011

EUR/USD: Technical Analysis

Several bearish targets have been met - at 1.4050 and 1.4085 and so it is possible the down move may have reached a conclusion. A consolidation period may begin from here - or a new move up, although it is too early to establish any meaningful upside targets yet and the only count so far yielded 1.4130 which has just been achieved.



Analysis by: Arkady Nagiev
                   Forex4you analyst

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 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.

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