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FX.co ★ EUR/USD Bearish Outlook, (Bellow to 1.4610) June 07, 2011 (Daily Strategy)

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Forex Analysis

2011-06-07T07:50:55
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EUR/USD Bearish Outlook, (Bellow to 1.4610) June 07, 2011 (Daily Strategy)

EUR/USD Bearish Outlook, (Bellow to 1.4610) June 07, 2011 (Daily Strategy)

EUR/USD

The technical picture for the Euro – United States dollar pair shows a downwards correction towards support levels of 1.4460. At that level, we believe the pair can return to their highest levels and continue its upward trend.

Therefore, if the correction of the pair reached to the support of 1.4315, will create an opportunity to enter a position of buy at a lower price.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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