Saturday, January 14, 2012

EUR-USD Technical Analysis 14 January 2012

As discussed last year September 2011, the EUR-USD is going for a long period of downtrend and here it is today at 1.2681. The total point drops from the last highest position was as much as 2316 pips. It would be a lot more than that if it is added up with the support/resistant re-tracement points. At its current position the pair is still long way downwards, but there might be small scale corrections along the way. We will wait and see, the final target should be reaching the historical level 1.1725 (Year 2005).

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