Looking at the chart Eur/Usd weekly consolidation and indicators are a warning that a reversal is close. Daily charts however are less convincing with an inability to gain momentum above 1.3700, clearly outlining another move back toward the 1.3450/1.3500 lows. Thanks to Jaime Coleman over at ForexLive for pointing this out. It should be something to watch in order to catch the reversal.
Thursday, 11 March 2010
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