Monday, March 8, 2010

EUR/USD 08-Mar-2010


EUR/USD long term daily study show no strong evidence of reversal on the bearish trend, wide gap among tenkan and kinjun, Doji pattern on the slight upward correction warning of a possible bullish corrective shooting star, lets wait for the next candle to confirm as the weak buying signals occur on the MACD oscillators and RSI, today resistance set at Kinjun’s 1.3730

EUR/USD Horly Study verifys of a downtrend correction after last three days upswing, hourly non-legged doji at today's lowest 61.8% of fibo level warns us of an upward movement for today as the sotch’s made their second dip on the oversold area, todays trandign band setted at 1.3600 -1.3680, we can expect to back to the 80 level in the next few hours.




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