by Mon, 23 Feb 2009 09:29:42 +0100
Deltastock Daily Fx Analysis
February 23, 2009
Current level- 1.4567
The pair is in a larger corrective phase towards 1.60+, after bottoming at 1.3506. Trading is situated below the 50- and 200-day SMA, currently projected at 1.5505 and 1.8341.
Our target at 1.4590 was precisely fulfilled this morning and although there are yet no signs of reversal, we favor one more downswing from current levels, to aim at 1.4160-4050 before next major upmove towards 1.50+. Intraday support comes at 1.4550 and crucial for the current uptrend is 1.4480.
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