Forex Technical Analysis on Majors |
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EUR/USD Current level-1.5509 EUR/USD is in an uptrend from recent bottom at 1.5301, that was the final of the prolonged consolidation since 1.5909 (17 March 2008). Technical indicators are slowly rising and trading is situated between the 50- and 200-Day SMA, currently projected at 1.5677 and 1.5181. With yesterday's high at 1.5629 obviously the consolidation since 1.5519 (30 July) was completed and now the downtrend has been renewed towards 1.5461. Crucial on the
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