Good day Koala King and folks.

As i am very busy today, i apologize for not conducting a full forex forecast review. Find below instead my technical opinion for the EUR/USD.

From a technical perspective:

After breaking the EUR/USD downtrend channel, the currency pair will start to climb and as expected came up to about 1.3050.

After three attempts to break the resistance region at 1.3050 and resulting the formation of three tops, a bearish dip took over. The first target of this loss is 1.2850.

Have a good time.

Masoud.

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Masoud EUR/USD Technical Forex Forecast Review 25 Jan 12

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