EUR/USD The pair broke below the bull trendline and the recent range floor at 1.3445/21 zone, accelerating losses through weekly Ichimoku cloud base at 1.3407, to so far test levels close to our next target at 1.3360. Near-term studies maintain bearish tone, as 1/4H MACD extends below the signal line, however, oversold conditions are looking for near-term base and corrective bounce. Previous support at 1.3421, now reverted to resistance, offers initial barrier, while 1.3500 zone, also 20 day...

Source http://www.fxstreet.com/technical/analysis-reports/technical-summary-for-majors/2011-11-23.v02.html



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