Forex4you Technical Analysis 27 June 2011

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Forex4you Technical Analysis 27 June 2011

Post  namrata on Mon Jun 27, 2011 6:04 am

EUR/USD: bearish signal
The EUR/USD is still falling and despite a pullback it would be expected to fall further. If it passes down below the key 1.4125 creating a double dottom buy on the 0.0005x3 P&F chart then there is a high possibility it will drop to 1.4095. A break of the pullback highs at 1.4170, however would negate the bearish setup and encourage a more bullish outlook.

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Analysis by: Joaquin Monfort
Forex4you analyst

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