EURUSD technical outlook for Week 30 2012

FX:EURUSD   Euro / U.S. Dollar
318 1 0
It seems like something woke up the Bears again. :)

After a couple of days of consolidation price ran out of space in a triangle and the bulls lost the battle.
Friday was all about the bears pushing for lower lows but found support at last week weekly S1.
Monthly/weekly/daily charts are looking bearish aswell indicating its likely we could move lower to 1.21 and the level everyone is talking about...the 1.20 level.

Hopefully we wont just tanked further straight to 1.20 (and beyond) so we can have a better price to reenter (or add to our position) at a fair price.
Im looking at the area around 1.22 for resistance or the trendline that seem to hold pretty well last week.

For the Bulls...not in play unless we find support at the area around 1.235

Good hunting!

Very nice senior :P
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out