Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on January 24, 2010, 11:09:39 pm
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Foreign Exchange Market Commentary
EUR/USD closed higher due to short covering on Friday as it consolidates above the 38% retracement level of the 2008-2009-rally crossing. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold but remain bearish signalling that sideways to lower prices are possible...
http://www.actionforex.com/technical-analysis/daily-forex-technicals/foreign-exchange-market-commentary-20100124105162/