EUR/USD: As our expected corrective weakness was triggered and sent the pair lower on Thursday, further downside risk is now building up towards its channel support at 1.4420. Guest post by www.fxtechstrategy.com We look for that level to provide a strong support and turn the pair higher in the direction of its long term uptrend. Further down, support comes in at the 1.4402 level, its channel support. Its daily stochastic is bearish and pointing lower suggesting further declines. On the other hand, the pair will have to violate the 1.4899 level to resume its long term trend now on hold towards the 1.4902 level, its Dec 06’2009 high. Further out, resistance comes in at the 1.5140 level, its 2009 high. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next EUR/USD Falls as Greek Default Near – Analysis of Yohay Elam 12 years EUR/USD: As our expected corrective weakness was triggered and sent the pair lower on Thursday, further downside risk is now building up towards its channel support at 1.4420. Guest post by www.fxtechstrategy.com We look for that level to provide a strong support and turn the pair higher in the direction of its long term uptrend. Further down, support comes in at the 1.4402 level, its channel support. Its daily stochastic is bearish and pointing lower suggesting further declines. On the other hand, the pair will have to violate the 1.4899 level to resume its long term trend now on hold… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
