A small improvement of the economic data in the Euro zone did not even make any impact on the Euro-Us Dollar pair. As you can see below comparison of Euro Zone economic data figures and the movement of Euro-USD still very much stronger.
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Sequence of Analysis
1. Let the market stretch
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
2. Support / Resistance
3. Price Actions
4. MACD / Stochastic
5. Overbought / oversold - two long candle (hourly / 4H / Daily
Friday, October 24, 2008
forex EUR-USD Fundamental Analysis
After a long years of devaluation for the US dollar, it is now pay back time. The dollar is moving on the right track in searching for the ideal equilibrium point against any other currencies in the world such as Euro, Pound Sterling, Japanese Yen, Aussie dollar, etc.
A small improvement of the economic data in the Euro zone did not even make any impact on the Euro-Us Dollar pair. As you can see below comparison of Euro Zone economic data figures and the movement of Euro-USD still very much stronger.
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A small improvement of the economic data in the Euro zone did not even make any impact on the Euro-Us Dollar pair. As you can see below comparison of Euro Zone economic data figures and the movement of Euro-USD still very much stronger.
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