Monday, March 30, 2009

Technical Analysis Daily: EUR/USD

Euro/Dollar climbed to the 1.3588 level on Friday morning, after which sharply decreased as expected with over 350 pips, which is a prerequisite for downward trend with targets towards 1.3100, followed by 1.3025. Current indicators suggest that the couple is in the overbought zone, which leads the currency couple to…

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