Eur/Usd Technical Analysis for 8th April 2009

Posted on 08. Apr, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis

There is a very distinct bearish channel forming on the hourly chart, as the pair is now floating in its lower section. In addition, all oscillators on the 4-hour chart are pointing down, suggesting that the downtrend might extend. Going short might be the right strategy today.

Comments are closed.