Wednesday, December 30, 2009

EURUSD being pushed above 1.4300

EURUSD after taking a dip towards 1.4275 was pushes above 1.4300 level due to low RSI value. We might see EURUSD taking another dip below 1.4300 level but before doing so, it seems that we might see it take some breather towards 1.4350 level.



Once EURUSD managed to open up enough space, we might see it taking a move towards 1.4250 level but again low RSI is pushing EURUSD upwards and we don’t expect much dip by EURUSD unless it takes any further rise.



Sells around 1.4350 level seems good opportunity at the moment but only small targets are suggested. 







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