Wednesday, November 27, 2013

Technical Analysis for Major Currencies

Since the EURUSD stabilized above 1.3555 the upside bias is favored, and as shown on graph, the upside move might extend due to stability above Linear Regression Indicators and 50% correction. Despite overbought signals on momentum indicators, the upside move might extend towards 1.3625-30 today; a breach higher and stability



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