Eur/Usd Technical Analysis for 22nd December 2008
Posted on 22. Dec, 2008 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
After showing a consistent bullish momentum for the past week, the daily chart is showing signals of a falling correction. The bearish breach on the daily chart has created strong downwards momentum that might eventually carry the pair to the next target price of 1.3800. The hourly chart’s Slow Stochastic is showing no crosses, which also indicate the continuation of the bearish trend. Going short appears to be preferable today.
