gold-forex
10-29-2009, 05:20 PM
After the US GDP data , the pair fell down to 0.8921 pounds per euro , a new month low. If we analyze the pair's evolution, we can see how a lateral downwards channel has formed since October 26th , which already gave us a 326 pips downwards movement. The bands of Bollinger are enlarging, indicating a 70 pips volatility and a correction to the middle band ( 0.8974 ), while the RSI is...
More... (http://www.ac-markets.com/forex-news/forex-alerts-2009-10-29.aspx)
More... (http://www.ac-markets.com/forex-news/forex-alerts-2009-10-29.aspx)