Eur/Usd Technical Analysis for 18th December 2008
Posted on 18. Dec, 2008 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
The Daily chart is showing that the pair is still in the bullish configuration. However, the RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
