Eur/Usd Technical Analysis for 6th March 2009
Posted on 06. Mar, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
The pair is testing the very important key resistance level of 1.2615. The 4 hour chart is showing mixed signals with its Slow Stochastic fluctuating at the neutral territory. However, the Daily Chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long with tight stops appears to be preferable strategy.
