HighSky (HighSky)
Currencies  |  September 12, 2012 10:42:39

EURUSD 200MA pierced. The new trend or reversal at hand?

When borrowing phrases accurately from last week , that it was only possible to grow to 50% Fibo boundaries, would throw oscillators in a long time to overbought levels on the daily charts, we can say that this will happen in the last days, and that this limit Monetary some beating with 200MA, which was announced on the basis of new indicators yesterday.

eurusd, daily comment

Simple, but effective indicator RSI us in recent days has values ??between 72-78 on daily charts, so overbought condition. This, of course, are already aware of a few days and speculators standing on short side.As a positive phenomenon, we see that despite the current peaks at the new camp EURUSD bears rather slightly decreases, which would mean that they were traced to their early speculation on prices return back. The final spasm, however, we are still missing, so still waiting for the new indication marking the end of about two months' compensation and return back to the main downward trend with a longer view on the new six-year lows.

Josef Kvarda, Analyst

HighSky Brokers, Inc.

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EURUSD 200MA proražen. Nový trend nebo obrat na blízku?

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