On Jun 22, 2011 | In Forex News | by Forex Brokers Finder
EUR/USD closed lower on Monday as it consolidates below the 20-day moving average crossing. The high-range close sets the stage for a steady to higher opening on Tuesday. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends last week’s decline, May’s low crossing is the next downside target. Closes above the 10-day moving average crossing are needed to confirm that a short-term low has been posted.
