Eur/Usd Technical Analysis for 9th February 2009
Posted on 09. Feb, 2009 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
The bullish trend is loosing its steam and the pair seems to consolidate around the 1.29 level. The 4 hour chart’s RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Going short with tight stops appears to be preferable strategy
