Tuesday 16 February 2010
EUR-USD
By Francis Bray, CFTe MSTA (DOW JONES NEWSWIRES)
EUR/USD: Builds on the corrective recovery off last Friday's low at 1.3532, to open up resistance at the 1.3696 lower high. However, bullish divergences on daily momentum indicators suggest there is an opportunity for further gains towards the 1.3759 area. Only below Monday's low at 1.3578 would bring the focus back onto 1.3532.
Weekly chart EUR/USD trend: Bearish.
;-)
EUR-USD
By Francis Bray, CFTe MSTA (DOW JONES NEWSWIRES)
EUR/USD: Builds on the corrective recovery off last Friday's low at 1.3532, to open up resistance at the 1.3696 lower high. However, bullish divergences on daily momentum indicators suggest there is an opportunity for further gains towards the 1.3759 area. Only below Monday's low at 1.3578 would bring the focus back onto 1.3532.
Weekly chart EUR/USD trend: Bearish.
;-)