EUR/USD Analysis du 04.04.2012

[Amy Forex]

Hi all,

On the Daily Chart we can see that the EUR/USD prices are traded within the symmetrical triangle, which reflects that prices are in the process of a corrective wave to continue its uptrend move.

We expect today that the Euro will drop to reach the 1.3150 level and any penetration down to this level will push the euro to the Moving 500 at 1.3105 dollars. But After this correction move, it will be an uptrend move to the key resistance level at 1.3211.

Source http://www.mbcfx.com/news/news_en04_04.html

 

[fxsusan]

ya... correct... i accept your your thoughts..

 

[Amy Forex]

Thanks susan

So, as we expected this morning the euro reached the 1.3220, and we notice now that the prices formed a head and shoulders at the weekly chart, for this reason we expect that the eur/usd will reach 1.3050 level.

Good trade for all

 

[fxsusan]

Thanks susan

So, as we expected this morning the euro reached the 1.3220, and we notice now that the prices formed a head and shoulders at the weekly chart, for this reason we expect that the eur/usd will reach 1.3050 level.

Good trade for all

thanku so much..