Forex4you Technical Analysis 22 March 2011
EUR/USD: Technical Analysis
The current rally is still in progress. The next target on the 0.0005 chart is 1.4265, followed by 1.4385 on the larger 0.0015 box chart. The exchange rate will probably continue rising therefore, initially reaching the first of these targets before possibly going higher still.
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 current rally is still in progress. The next target on the 0.0005 chart is 1.4265, followed by 1.4385 on the larger 0.0015 box chart. The exchange rate will probably continue rising therefore, initially reaching the first of these targets before possibly going higher still.
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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