Euro is going to encounter resistance at around 127. It is already getting over bought - my, how things change and rotate in hyper drive here in the casino - but there is price support at 124 (50 day moving averages) and RSI support at around 55.
One wonders if the euro can eventually make it all the way up to the 200 day moving averages before the rally stalls. But again, 127 should have some resistance to it first.
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
Subscribe to the free eLetter
One wonders if the euro can eventually make it all the way up to the 200 day moving averages before the rally stalls. But again, 127 should have some resistance to it first.
http://www.biiwii.blogspot.com
http://www.biiwii.com/analysis.htm
Subscribe to NFTRH or
Subscribe to the free eLetter
No comments:
Post a Comment