Wednesday, February 3, 2010

EURUSD - REBOUND EXPECTED

The EURUSD may be in for a reversal in the intermediate with the rising channel spotted on RSI as against the falling channel of the PRICE. I expect the price to high the lower Bollinger to make double bottom or RSI bounce from the rising trendline. A clear defeat to the downside of the lower Bollinger or the RSI rising trendline then, the downside may continue.


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