Trade FOREX with FXCM

  • Award-Winning Platform
  • 24/7 Customer Support
  • Trade Directly on Charts
  • Free $50K Practice Account

Resources

Euro Stalls Below 1.2000

By Sam Shenker
09 February 2006 10:50 GMT
A further move to the downside will most likely see the pair collapse below the 1.1700 figure and target bids around 1.1639, a level established by 2005 low, which currently acts as a gateway toward the psychologically important 1.1500 handle. Indicators are mixed with negative momentum indicator diverging from positive MACD, while oversold Stochastic gives the single currency longs a chance to retaliate.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

09 February 2006 10:50 GMT