Wednesday, February 10, 2010
EUR-USD Technical Analysis - 10 February 2010
Nevertheless we still cannot determine for sure if the market will do so accordingly because there is unknown trend movement beyond our eyes to see. In this case we have to watch out for the daily MACD movement indicating that the two lines is converging toward one another. This may resulting in speedy upward movement if anyone is not careful to watch it out. Consequently it will form green candlestick (upward movement) for the weekly time frame which may trigger another week of upward movement.
Anyway the bear is dominating the market for now, and there is very little sign of major reversal that will take place. The only big fear is getting yourself trapped in significant correction ground where you can have a lot of stress waiting for it to get back your way.
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