EUR/USD Technical Analysis
May 23, 2009 by admin · Leave a Comment
Euro is currently pressing against the rising channel trendline with the 4-hourly stochastic being overbought. This may bring retracement upto 1.3750-1.38 levels. On the other hand, the daily stochastic is overbought with no clear selling indication. Decisive break of the trendline resistance (1.3955) can pave way for the next resistance…
