Hmmm I got EUR/USD bouncing off resistance between 1.5480-1.5500 and making a run for a test of at least 1.5350. There is a bullish RSI since yesterday but that is pretty easily negated by another stab downwards. Also, pair is consolidating in a nice flag pattern (slanted in the opposite direction of the flagpole) meaning that bulls are not able to move the pair up as fast as bears moved it down. All means more losses.... Unless of course, it goes up but my forecast is down.
My charts and analysis here:
http://piphut.com/2008/06/technical-...ward-pressure/
My charts and analysis here:
http://piphut.com/2008/06/technical-...ward-pressure/
"A goal without a plan is just a wish."