Tag Archives: bullish configuration
Eur/Usd Technical Analysis for 23th March 2009
Posted on23. Mar, 2009 by admin.
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After touching a base at 1.3724, the pair now is consolidating a bit higher near the 1.3680 level. All oscillators show that the bullish momentum will probably continue. The Slow Stochastic of the 4-hour chart is showing no crosses in the horizon, and the bullish momentum there appears to be intact as well. On the [...]
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Eur/Usd Technical Analysis for 18th December 2008
Posted on18. Dec, 2008 by admin.
The Daily chart is showing that the pair is still in the bullish configuration. However, the RSI is already floating in the overbought territory indicating that a bearish correction might take place in the nearest future. When the downwards breach occurs, going short with tight stops appears to be preferable strategy.
