Finotec News Archive - May 08 2008
Technical oscillators support the bullish trend for the currency pair
EUR/USD – Market strategy can be a buy at the level 1.5369, the target 1.5500Joana Fonseca
08 May 2008
EUR/USD – Market strategy can be a buy at the level 1.5369, the target 1.5500
Technical oscillators support the bullish trend for the currency pair
To support our analysis we will see MACD (Moving Average Convergence Divergence); we see that the selling pressure is losing traction and that the signal line is pointing to cross the long EMA line up, which can reflect an upward trend. RSI give us the power of the market; the strength of the market is on a bearish direction, but touching the oversold level, which represents a buying signal. There are two bottoms up leading to a buying trend, according to Bollinger.

Finotec Analysis Team
08 May 2008
Select Your Time Zone
Today's Economic Events
Real Time Forex Quotes
| Contract | Bid | Ask | Time | Change |
|---|---|---|---|---|
| EUR/USD | 1.5451 | 1.5454 | 11:25:34 | 0.00% |
















