Forex4you Technical Analysis 31 March 2011
EUR/USD: Technical Analysis
The points made in yesterday’s analysis have not changed except that the exchange rate has now started to break above its consolidation pattern, although the upside targets of 1.4280 and 1.4385 remain. There is a possibility of a small pullback first, however, probably to 1.4145, as the 1.4190 target on the 3 x 0.0005 chart has now been met.
Analysis by: Joaquin Monfort
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.
The points made in yesterday’s analysis have not changed except that the exchange rate has now started to break above its consolidation pattern, although the upside targets of 1.4280 and 1.4385 remain. There is a possibility of a small pullback first, however, probably to 1.4145, as the 1.4190 target on the 3 x 0.0005 chart has now been met.
Analysis by: Joaquin Monfort
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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