Foreign Exchange Market Commentary

EUR/USD closed lower on Tuesday due to short covering. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain bearish signalling that sideways to lower prices are possible near-term. If it extends this week’s decline, the 38% retracement level of this…

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This entry was posted on Wednesday, September 30th, 2009 at 8:58 am and is filed under Forex, Forex Trading, Forex news, Money. You can follow any responses to this entry through the RSS 2.0 feed.