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Forex technical analysis canbe € dollar: attention to the bearish head and shoulder

Le tensioni di politica internazionale are bringing to the attention of investors in the currency market the dollar, which despite the difficulties the U.S., is still the preferred currency in which to escape in times of alert.

In particular the recent downgrade by Standard & Poor 's debt Japanese

is penalizing yen (another haven currency), leaving the dollar undisputed ruler of momentum.

The above chart euro dollar, set at 2 hours, we can also locate a bearish head and shoulder, the figure of possible reversal of an upward trend of the euro against the dollar started the first day of the year from a rate of 1.2875 that brought him up to a recent relative maximum of 1.3860.

In particular, it becomes important to keeping the support of 1.35 is violated which would pave the way for further reductions of the single currency.