Lehman bankruptcy helps Euro recuperate! |
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Fundamental The U.S. dollar weakened against the euro after Lehman Brothers Holdings Inc. said it intends to file for bankruptcy and traders speculated the Federal Reserve may need to cut interest rates. Technical Euro started an uptrend for a short period of time, as we can see strong demand in the market, based on technical indicators like RSI, which breaks 30% line and is pointing upwards, MACD crosses the signal line and is pointing upwards, and Bollinger gives us a bullish signal by
Filed under: Technical
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