http://eurusdtechnicalanalysis.com Forex blog about eur/usd technical analysis Sun, 06 Dec 2009 02:53:36 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 http://eurusdtechnicalanalysis.com/eurusd-technical-analysis-for-4th-february-2009/ http://eurusdtechnicalanalysis.com/eurusd-technical-analysis-for-4th-february-2009/#comments Wed, 04 Feb 2009 13:37:57 +0000 admin http://eurusdtechnicalanalysis.com/?p=89 The price appears to be floating in the over-bought territory on the 4-hour chart’s RSI, indicating a downward correction may occur later today. However, the daily chart’s Slow Stochastic indicates a recent bullish cross, signaling a possible continuation of the upward movement. In the short-term traders however may expect a downward correction, but longer-term traders may want to maintain their long positions today.

]]> http://eurusdtechnicalanalysis.com/eurusd-technical-analysis-for-4th-february-2009/feed/ 0 http://eurusdtechnicalanalysis.com/eurusd-technical-analysis-18-december-2008/ http://eurusdtechnicalanalysis.com/eurusd-technical-analysis-18-december-2008/#comments Thu, 18 Dec 2008 10:00:38 +0000 admin http://eurusdtechnicalanalysis.com/?p=48 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.

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