Jun 29, 2010

FX Path

FX Path

EUR/USD - Re-asserts Bearish Stance

Posted: 29 Jun 2010 07:00 AM PDT

Price action on EUR/USD, a daily chart of which is shown, has finally re-asserted its bearish stance (at least for the time being) as of Tuesday (6/29/2010) morning and descended once again to approach key support in the 1.2150 price region, establishing a new two-week low in the process. For more technical analysis on this currency pair, please click here for Tuesday’s (6/29/2010) Chart of the Day.

James Chen, CTA, CMT

* For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
* For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here.
posted by

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)