Daily Foreign Exchange commentary by FXstreet.com's Advisor. FXstreet.com is the leading independent portal dedicated to the Foreign Exchange (Forex) markets.
Visit Advisor Weblog
Eur/Usd technical view
Posted on September 03, 2008
The pair is falling the same way that raise one year ago: running day atfter day way out of bonds, without even notice supports of any kind, and moving a larger amount of pips that the daily average. Corrections are so shy, you can t even notice them sometimes, and the bigger retracement most of us are expecting (in fact more in Gbp that here) seems to be off for the summer; indicators show the pair is over sold in daily charts, yet far for giving any contrarian signal to this dollar bullish momentum. The Pair is quoting right now around 1.4410, after reaching 1.4387, 61.8% of a weekly Fibon...
Original article link
Subscribe to Advisor Weblog