Eur/Usd Technical Analysis for 5th March 2009

Posted on 05. Mar, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis

This pair appears to be consolidating towards the center line of the Bollinger Bands on all charts, indicating a lack of direction. However, the recent bullish cross on the daily chart’s Slow Stochastic signifies that a bullish correction may take place in the nearest future. Going long might be the right choice today.

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