Eur/Usd Technical Analysis for 12 December 2008
Posted on 12. Dec, 2008 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
There is a very accurate bullish channel forming on the daily chart as the pair is now floating in the middle of it. The 4-hour chart’s Slow Stochastic is showing a bearish cross suggesting that downwards correction might take place in the nearest time frame. Going short with tight stops appears to be preferable strategy.
