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EUR/USD Analysis
Stoyan Mihaylov , DELTASTOCK AD
Published 02/09/2010 - 7:45 a.m. EST
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ABOUT THE AUTHOR

Stoyan Mihaylov
Website:
 http://www.deltastock.c...
Email:
 smihailov@deltastock.bg

Current level-1.3735

EUR/USD is in a downtrend, after peaking at 1.5146 (Nov.25,2009). Technical indicators are neutral, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4793 and 1.4169.

Still in the minor consolidation pattern above 1.3585 and the overall bias continues to be bearish for 1.3413.

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