Posted: 03 Sep 2009 12:28 AM PDT
Forex signals and technical analysis can be affected by the news report (fundamental)
EUR/USD Actual Analysis At 03.09.2009
The cross has been very volatile lately, and recorded much bullishness yesterday. Much of today's oscillators seem to be misleading. However, both the 4-hour and weekly charts offer a more accurate picture. The 4-hour chart's Stochastic Slow shows that the pair is floating in the overbought territory, and a downward correction is imminent. The MACD also supports the view that the pair is overbought. Going short with tight stops may turn out to pay off today.
Dangerous High ( Stop Buy Here ) = 1.4412
Maximum Up Trend = 1.4354
Reversal High = 1.4317
Middle Line ( Pivot ) 1.4247
Reversal Low= 1.4186
Maximum Down Trend = 1.4140
Dangerous Low ( Stop Sell Here ) = 1.4096
Yesterday High : 1.4291
Yesterday Low : 1.4189
Price Move = EURUSD Goes To High Market / Blue Area
4 Hours Current Trend =UP TREND ( WEAK )
Daily Current Trend =UP TREND ( WEAK )
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