Eur/Usd Technical Analysis for 23th March 2009
Posted on 23. Mar, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
After touching a base at 1.3724, the pair now is consolidating a bit higher near the 1.3680 level. All oscillators show that the bullish momentum will probably continue. The Slow Stochastic of the 4-hour chart is showing no crosses in the horizon, and the bullish momentum there appears to be intact as well. On the daily chart, this pair is still trending upwards and there are no imminent indications of a reversal. Therefore traders can maximize profits by entering steady long positions.
