Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing Short term trading: --EUR/USD, Feb. 15/12

Tuesday, 14 February 2012

Short term trading: --EUR/USD, Feb. 15/12


--EUR/USD at 1.2920, stop-loss at 1.2990, target at 1.2910 or MOC. Over the short-term, risk aversion could support the U.S. dollar. Technically, the price is leaning against both the upper channel-line and the 100 days moving average.  Finally, there is a strong divergence between current price and the RSI indicator on the daily chart. In the past, it has been a strong indicator of trend’s reversal.

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2 comments:

Jen said...

Nice representation!

ProfitsOn said...

Thank you.

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