As you would expect the dollar is mainly the inverse.
Still don't like the overall pattern of the weekly but those
do take time to play out. In the meantime the 4 hour RSI is
starting to become overbought - not a signal itself but maybe a
sign of some consolidation/rest which could lend to one more rally
into the 200 day MA and maybe then a top there with the Daily MACD
recycling just over 0 and intraday divergence.
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As you would expect the
EURUSD / USD
Posted by tom on 2nd of Nov 2012 at 12:45 pm
As you would expect the dollar is mainly the inverse. Still don't like the overall pattern of the weekly but those do take time to play out. In the meantime the 4 hour RSI is starting to become overbought - not a signal itself but maybe a sign of some consolidation/rest which could lend to one more rally into the 200 day MA and maybe then a top there with the Daily MACD recycling just over 0 and intraday divergence.