Tuesday, June 8, 2010

Euro

Is it finally time for a rally in the Euro? Today we got a star doji candle pattern on the daily chart.  This pattern formed just slightly above the DS1, MS1, and WS1 pivot points.  There is also a 461/461 fib extension average @ 1.1877 (low two days ago @ 1.1874) combined with RSI price divergence, RSI oversold, and MACD loss of momentum.  If we can get some upside confirmation overnight and tomorrow, then we could see a decent rally.


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