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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
eurusd heading to 1.27/29
as for 117.700 its the 10 years us treasury
with oil this is where the money is.
how mnay lotz do you have on positions?
rsi is just a parameter to conjugate with a market ongoing structure. the whole value exchange process in the segmentation gives a dollar strengh.
- Now the decline is materializing, note that the RSI dipped below 30, after failing to rise above 70 during the most recent rally. This suggests the bears are in more control, even though we are yet to be convinced of a significant downtrend. For now, the 1.34, 1.3250 levels are the targets, with the near-term one at zone between 1.3510 and 1.3550.
- The 4H chart shows the possible head and shoulder forming with a neckline that is slightly tilted down, residing at the moment near 1.3550.