Foreign Exchange Market Commentary
THE EURO closed lower on Tuesday as it consolidated some of last week's rally but remains above the 20day moving average. Tuesday's lowrange close sets the stage for a steady to lower opening when Wednesday's night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it renews aforementioned decline, monthly support crossing is the next downside target.Read more Click here / www.trade4x.net
No comments:
Post a Comment