Robert
06-23-2011, 07:35 PM
Welcome to your favorite News Channel. This is just in:
The current decline marks failure to break above a previous high in price action. Note the RSI high in the 4H chart is higher. This sets up a negative reversal signal and suggests a swing projection, targeting 1.4020. (A negative reversal occurs when the RSI high is higher, but the corresponding price high failed).
Click here to Read More... (http://www.ibtimes.com/articles/168361/20110623/eur-usd-s-bearish-targets.htm)
The current decline marks failure to break above a previous high in price action. Note the RSI high in the 4H chart is higher. This sets up a negative reversal signal and suggests a swing projection, targeting 1.4020. (A negative reversal occurs when the RSI high is higher, but the corresponding price high failed).
Click here to Read More... (http://www.ibtimes.com/articles/168361/20110623/eur-usd-s-bearish-targets.htm)