The EUR / USD recorded a significant downward pullback
February 4, 2011 by Forex news
Filed under Forex, Forex news
The pair euro-dollar yesterday registered a strong bearish pullback after failing in the attempt to break the 1.3800 key resistance area, after which it fell to 1.3609 and closed the day at 1.3625. The continued upward is clearly on hold with a short-term bearish outlook. The next goal on the way down would be to reach 1.3500 and EUR / USD will break the 1.3600 support – 1.3570. The breaking of 1.3500 would lead to a new downward trend. The closest resistance at 1.3680 appears. If this level would rise above neutral zone y. ..
