Forex Daily Report Forecasts said that today the European Central Bank officials may express concern today that the inflation in the European Union will gain momentum as the economy still shows signs of an ongoing recovery. This pushed the EUR near the highest level since two weeks against the JPY.
EUR/USD (4 H )
After the pair bounced against the resistance near 1.3843 and a reversal below the upper Fibonacci Fan line. But the fan line could stop the bearish movements and the EUR/USD traded along the upper fan. The upward trend is now near the resistance around 1.3744 if the pair could cross the line we might see further gains, but the Stoch might signalize downward movements...Full Forex News at :
http://www.forexsq.com/All Pairs /forex-daily-technical-analysis-plus-forex-forcast-feb-10-/
ForexSQ
EUR/USD (4 H )
After the pair bounced against the resistance near 1.3843 and a reversal below the upper Fibonacci Fan line. But the fan line could stop the bearish movements and the EUR/USD traded along the upper fan. The upward trend is now near the resistance around 1.3744 if the pair could cross the line we might see further gains, but the Stoch might signalize downward movements...Full Forex News at :
http://www.forexsq.com/All Pairs /forex-daily-technical-analysis-plus-forex-forcast-feb-10-/
ForexSQ