Eur/Usd Technical Analysis for 15th December 2008
Posted on 15. Dec, 2008 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
A bearish cross on the hourly chart’s Slow Stochastic implies that a downwards correction might take place in the nearest time frame. The 4-hour chart’s RSI is floating in the overbought zone suggesting that the upward trend might be out of steam. The daily chart’s RSI also supports this notion. Going short with tight stops appears to be the right strategy today.
