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Foreign Exchange Market Commentary

Discussion in 'Technical Analysis' started by ActionForex.com, Oct 27, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    EUR/USD closed sharply lower on Friday as it extended this week's decline. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that additional weakness is possible near-term. If it extends this month's decline,...

    complete article here...

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