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Foreign Exchange Market Commentary

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 30, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    EUR/USD closed sharply lower on Tuesday as it extended last week's decline below the 20-day moving average. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI are oversold but remain bearish hinting that sideways to lower prices are possible near-term. If...

    complete article here...

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