Wednesday, February 9, 2011

Forex news EUR/USD:Short-term conflict in the currency pair

Currency is sandwiched between the moving average 34 and 55 (the resistance level of 1.3680) on the one hand, and the average with a period of 144 (the support level 1.3450) on the other.
MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy EUR / USD.
Stochastic Oscillator is in the neutral zone and forms are not clear, but the opposite signal, since the% K line only crossed the line% D top-down, but not yet started fall below it.
The contradiction in the signals that serve indicators, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.

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