Eur/Usd Technical Analysis for 25th February 2009
Posted on 25. Feb, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
A pennant formation appears to be forming on the 4-hour and daily charts, signifying that a continuation of the recent uptrend may occur and push this pair higher in the near future. The weekly Momentum oscillator also shows the direction of this pair has begun to change course. Waiting for the breach and then placing long positions might be a wise strategy.
