Eur/Usd Technical Analysis for 15th January 2009
Posted on 15. Jan, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
The daily chart’s RSI signals that this pair is still being over-sold, which may help support the pair in an upward direction in the coming days. A bullish cross forming on the daily chart’s Slow Stochastic supports this notion. The price also appears to be floating near the lower border of the daily chart’s Bollinger Bands, adding more support to an imminent upward movement. Going long with tight stops might be the right choice today.
