Eur/Usd Technical Analysis for 31st December 2008
Posted on 31. Dec, 2008 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
The hourlies are showing mixed signals with its RSI fluctuating at the neutral territory. However, the daily chart’s RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
