Eur/Usd Technical Analysis for 18th February 2009
Posted on 18. Feb, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
A bullish cross appears to have just taken place on the 4-hour chart’s Slow Stochastic, signaling an imminent bullish correction to the recent downward trend. The price also appears to be floating in the over-sold territory on the 4-hour chart’s RSI which also lends support to this notion. Going long with tight stops might be the right choice today.
