HighSky (HighSky)
Currencies  |  November 16, 2012 11:59:00

EURUSD in a corrective phase? (16.11.2012)


The main currency pair EURUSD this week is still teetering on the border of its 100-day and 200-day average price equilibrium. Since the beginning of the week, broke free from their oversold levels reaching level 30 at RSI oscillator.

eurusd, daily comment

So we'll see whether this is just a breath before a further drop in the next week. He preferred a longer perspective, however, the short side after the last price increase again spilled over most retail traders, they should fall back below the 200-MA might not be so simple.

Josef Kvarda analyst

HighSky Brokers

HighSky Brokers, as is a Czech investment firm focusing on forex, commodities , stock indices, stocks and bonds.

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