Thursday, March 12, 2009

Is it the sign of reversal EUR / USD ?

I would show you the EUR/USD daily chart. I believe that in a short period of time, the EURO would be appreciate against the US Dollar. The momentum shows that the force for the USD to strengthening has been diminished. There is a strong support around 1.2476. We need to look at the volume in the coming days. If the volume does increase, we would expect the EUR to go to around 1.4300.


Here is the 1H chart :

1 comment:

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