Wednesday, June 1, 2011

EUR/USD's Positive Reversal Signal in the 1H Chart Targets 1.4470



The EUR/USD paused its rally but remains bullish as the RSI remains above 60 in the 1H chart.

There is a bearish divergence spotted, and the market did slow down. However, this lead to a positive reversal signal where the RSI creates a lower low, but the price low is higher.

Source: ActionForexall Rss Feed

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