EUR/USD depth technical look Report10.3.2014
Topic: EUR/USD depth technical look Report10.3.2014
The monetary unit has been fairly settled since weekday afternoon following the correction within the wake of the higher than expected Non-farm Payrolls information. Having created the prisonbreak to the best since October 2011, Euro/Dollar has left a peak at $1.3915, which is now the resistance which will be watched. The daily momentum signals all look sturdy, however the RSI is over sixty six currently and therefore the peak for the indicator throughout the run to the previous key high in Dec reached sixty five before turning lower over again.