ActionForex.com was set up back in 2004 with the aim to provide insight analysis to forex traders, serving the trading community over a decade. Empowering the individual traders was, is, and will Forex Technical Analysis Written by experienced traders and professional market analysts, our Forex technical analysis is just what you need to get an edge in your Forex trading. Technical analysis shouldn’t be overwhelming, and our Forex technical analysis is designed for traders at all levels. Trading Forex or CFDs on leverage is high risk and your losses could exceed deposits. All trading analysis and recommendations provided on this site are meant for traders seeking guidance and the traders assume full responsibility for outcome of trading based on the information available on this site. EUR/USD Current level – 1.1255 During yesterday’s session the bullish momentum faded and the bears took control. In today’s early trading hours the currency pair seems to be consolidating Understanding Technical Analysis. Technical analysis is the study of historical price action in order to identify patterns and determine probabilities of future movements in the market through the use of technical studies, indicators, and other analysis tools.