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Foreign Exchange Market Commentary

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 20, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    EUR/USD closed higher on Wednesday and above the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Thursday. Closes above last Thursday's high crossing would temper the near-term bearish outlook in the market. Despite today's rally, stochastics and the RSI remain neutral...

    complete article here...

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