March 26, 2009 02:59

Forex Signal – EUR/USD Selling Rallies

By:

3-26-09

3:34a GMT – Pair hit our price point yesterday but never slowed down or gave a bearish candlestick so no trade was entered (I think when NOT to enter a trade will be the next “Learn Forex” article, thoughts?). I am still bearish today even though price failed to make a significant drop downward a new low was made reinforcing the dollar’s strength.

Trading Idea: bearish candlesticks and oversold RSI will be my entry signals around resistance at 1.3615 or 1.3650.

eu32609sellrallies

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5 Comments on "Forex Signal – EUR/USD Selling Rallies"
  1. Reply
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    Comment left on:
    March 26, 2009 at 07:42
    Anton says:

    “Overbought RSI” you wanted to say?

  2. Avatar of piphut
    Reply
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    Comment left on:
    March 27, 2009 at 04:32
    piphut says:

    Good catch, that should say “overbought” not “oversold RSI” :)

  3. Reply
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    Comment left on:
    March 27, 2009 at 20:45
    suchart says:

    Thanks

  4. Reply
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    Comment left on:
    April 6, 2009 at 14:33
    az says:

    gud information…

  5. Reply
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    Comment left on:
    April 9, 2009 at 15:34
    DownloadFX says:

    Nice information…thanks for sharing

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