EUR/USD Daily Technical Forex
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EUR/USD Daily Technical Forex
Fri, Nov 2 2007, 09:07 GMT
by Timothy Straiton
Stoploss.ch | View company's profile
Current level at 10:07 CET is 1.4470, trading above the daily pivot point of 1.4436 and above first resistance at 1.4468, targeting second resistance at 1.4511. Hourly Bollinger and standard error bands are poised to the upside, however weakening trend intensity would suggest that the upside is gradually getting heavier. We remain cautious at currrent levels and feel this market will need to unwind the current overbought situation before further upside progress can be made.
Published on
Fri, Nov 2 2007, 09:08 GMT
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