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Finotec News Archive - March 10 2010

EUR/USD-market strategy indicates buying levels from the $1.3603

Technical oscillators are supporting the bullish trend for the currency pair

Tammy Wally
10 March 2010

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EUR/USD-market strategy indicates buying levels from the $1.3603
Technical oscillators are supporting the bullish trend for the currency pair.
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines in a bullish direction and crossing below the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line. Selling from $1.3543 on a break.

EUR/USD 10-3-10

Finotec Analysis Team
10 March 2010

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 Contract Bid Ask Time Change
EUR/USD 1.3064 1.3065 18:42:45 -0.00%

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