EUR/USD: Technical Analysis
1.4550/60 resistance has halted growth, so the price is currently retracing back downwards. Trading is being carried out at 1.4460/50 support level, mentioned previously as the "signal" for reversal of the bearish sentiment in the market. Indicators are turning down again and if level 1.4450/60 is eventually breached, the "bulls" will have less chances to continue their trend and the price will most likely commence a new downward movement towards 1.4120 level or even lower.
Trading Futures and Options on Futures and Cash Forex transactions involves substantial risk of loss and may not be suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.