Eur/Usd Technical Analysis
Posted on 01. Dec, 2008 by admin in Eur/Usd, Eur/Usd Technical Analysis, Technical Analysis
After several failed attempts to breach the1.3000 resistance level on the 4 hour chart, the pair is now consolidating around 1.2680 price level. The hourly studies show mixed signals, and the daily charts support that notion as well. However, the 4 hour charts’ Slow Stochastic is showing a bullish cross suggesting that an upwards correction might take place in the nearest time frame. Going long with tight stops appears to be preferable strategy.
