Eur/Usd Technical Analysis for 17th February 2009
Posted on 17. Feb, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
The price of this pair appears to be floating in the over-sold territory while the hourly chart’s RSI is indicating that an upward correction may be imminent. The upward direction on the 4-hour chart’s Momentum oscillator also supports this notion. When the upward breach occurs, going long with tight stops appears to be the preferable strategy.
