by Thu, 26 Mar 2009 10:21:55 +0100
Deltastock Daily Fx Analysis
March 26, 2009
Current level- 1.4619
The pair is in a corrective phase, after bottoming at 1.3506. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5505 and 1.8341.
The overall bias has turned to negative and the pair is currently targeting the important zone around 1.4310-38. Nevertheless, the minor downtrend below 1.4774 is still corrective in nature, but the intraday bias is definitely negative for 1.4396. Crucial is 1.4724.
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