5 January 2010
EUR/USD: technical analysis
As expected the price has exercised the already broken trend line (the blue line) in the prices’ sector of 1.4430/20. The discrepancy in the indicators’ values makes it possible to consider the absence of the distinct ideas at the market so the trades will continue within the narrow range edged with the levels of 1.450/60-1.4400/10. The increase higher than 1.4500/10 is still less probable; though the falling down lower than 1.4410/00 is quite possible. If it happens so and the price fixes itself lower than 1.4400 the reasons will appear to expect for the next trading downfall to 1.4300-1.4240/60.
Analysis prepared by:
Arkady Nagiev
Forex4you analyst
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