Forex4you Technical Analysis 26 Feb 2012

EUR/USD: bullish break

Eurodollar's bounce was short-lived and after touching the top of the channel it continued lower. It will probably extend down even further, with the head & shoulders top indicating it will reach a downside target of 1.2900; with the next target after that at 1.2795, where there is a cluster of monthly and weekly pivots situated.

Analysis by: Joaquin Monfort
Forex4you analyst

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