Eur/Usd Technical Analysis for 7th January 2009
Posted on 07. Jan, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
After bottoming out at the 1.3300 level, the pair is showing signs of a corrective move. A bullish cross on the daily chart’s Slow Stochastic implies that a local bearish corrective movement might be close to its end. The 4-hour chart and the hourlies do not show any particular signals and are currently floating around 1.3500 level. Traders are advised to wait for a clearer indication on the hourly level before entering trading.
