Archive for April, 2009
Eur/Usd Technical Analysis for 8th April 2009
Posted on08. Apr, 2009 by admin.
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There is a very distinct bearish channel forming on the hourly chart, as the pair is now floating in its lower section. In addition, all oscillators on the 4-hour chart are pointing down, suggesting that the downtrend might extend. Going short might be the right strategy today.
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Eur/Usd Technical Analysis for 3th April 2009
Posted on03. Apr, 2009 by admin.
The pair failed to break the resistance level of 1.3500 earlier today and now trades near the 1.3410 mark. The 4-hour chart is showing a bearish cross on the Slow Stochastic Oscillator and the pair’s RSI is currently floating in the overbought region. This signals downward movement may take place later today. Traders today may [...]
