EUR/USD analysis of the week (4h candlesticks)

By IBTimes Staff Reporter | February 16 2010 5:06 AM

The parity EUR/USD is currently moving according to the bullish divergence shown on the RSI indicator. 1.36 is acting as support once again. However, the trend remains bearish even if some indicators are showing buy signals. We maintain to trade only short positions as far as the price is below 1.37. A break out of 1.36 will offer a new sell signal.

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