Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on January 25, 2010, 09:14:57 am
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EUR/USD Stalking Correction Rally; Risk Assessment
The 4H time-frame shows stochastic turning from overbought levels and the parabolic SAR (0.02, 0.2) is about to give a bearish signal. Price action is topping, but there still can be another swing towards 1.4250. Currently however, the momentum is slowing suggesting the market may be ready to continue declining.
http://www.actionforex.com/technical-analysis/daily-forex-technicals/eur%10usd-stalking-correction-rally;-risk-assessment-20100125105239/